Dealers registered under the maharashtra value added tax act, 2002, mah. Professional tax forms in excel fillable pdf finotax. Employers liability to deduct and pay tax an behalf of employees. Maharashtra monthly salary professional tax levied p. In present system if a profession tax payer wants to make payment for ptrc and. The maharashtra state tax on profession, trades, callings. Commissioner, corporation area, employer, month, person, profession tax, salary or wage, tribunal amendments appended. It is considered necessary to amend the karnataka sales tax act, 1957, the karnataka tax on professions, trades, callings and employments act, 1976, the. Under the act the maharashtra state tax on professions, trades. The maximum amount of pt that may be levied by any state in a financial year is rs 2500. These rules may be called the maharashtra state tax on professions, trades, callings and employments rules, 1975.
Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. The professional tax is a source of revenue for the state governments which helps in implementing schemes for the welfare and development of the. Professional tax is a tax on any kind of profession, trade or employment. Maharashtra state tax on professions, trades, callings and employments act, 1975. The maharashtra state tax on profession, trade, callings and employment act, 1975 provides for levy and collection of profession tax. May 25, 2019 application for obtaining authorisation for working as a recovery agent under the maharashtra state tax on professions, trades, callings, and employments act, 1975. Maharashtra professional tax slab rate, latest news. In the schedule appended to the maharashtra tax on the entry of goods into local areas act, 2002, after entry 16, the following entry shall be added, namely. A professional tax enrollment certificateptec ptec has to be taken by the company, director of company, dealer doing business in maharashtra, partner of firm, b professional tax registration certificate. Professional tax slab in maharashtra 201819 august 10, 2018 may 31, 2018 by rajesh m as per the maharashtra state tax on professions, trades, calling and employment act 1975 every. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act 1975 which came into effect from 1st april 1975.
The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary. Professional tax maharashtra professional tax slab in. Professional tax is the tax charged by the state governments private equity outlook 2011 pdf in india. Under maharashtra profession tax act, every covered establishment. Professional tax pt is levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business. What are the documents required for professional tax. Professional tax slabs state wise simple tax india.
Levied under article 276 2 of the indian constitution, professional tax is. As per new notification, entities having a professional. The karnataka tax on profession, trades, callings and. Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as follows. Aug 10, 2018 professional tax slab in maharashtra 201819 august 10, 2018 may 31, 2018 by rajesh m as per the maharashtra state tax on professions, trades, calling and employment act 1975 every working professional and selfemployed professionals like lawyers, doctors and chartered accountants etc need to pay professional tax to the state government. Keywords commissioner, corporation area, employer, month, person, profession tax. The maximum amount of professional tax that can be imposed by any state in india is inr 2500. Jan 24, 2019 download professional tax forms for ap, bihar, chhattisgarh, gujarat, karnataka, mp, maharashtra, orisha, telangana, tamil nadu and wb in excelfillable pdf. Up to inr 15000, no professional tax is levied between inr 15001 and inr. It is collected by the state government by every individual who earns a living.
Maharashtra profession tax act scope every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax prescribed under the said schedule. Total amount of professional tax paid during the year is allowed as deduction under the income tax act. Professional tax slab rates in different states updated for. Profession tax act, 1975 maharashtra i purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into. Who need to register under professional tax in maharashtra. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. Maharashtra professional tax amendment in ptec and ptrc return. As per this act, professional tax is applicable for both individuals and companies. This must not be confused with the definition of other professionals such. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc.
Profession tax is deductible under section 16 iii of the income tax act. Query on revised return profession tax maharashtra others. Ix of 2005 or dealers registered only under the central sales tax act, 1956, 74 of 1956 whose annual turnover of sales or purchases of previous year, is rupees 25 lakh or less. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act 1975 which came into.
Check various due dates maharashtra professional tax. The expressions turnover of sales or turnover of purchases shall have the same meaning as assigned to them, respectively, under the maharashtra value added tax act, 2002. Maharashtra state tax on professions, trades, callings and. Professional tax rates in maharashtra mumbai professional. Profession tax, directorate of commercial taxes,government of west bengal. Professional tax is a state tax, imposed by a state government on account of the infrastructure it provides to you so that you can carry out your profession in that state. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and. Form iva, notice under section 7 for audit under pt act 1975, pdf icon. Professional tax in maharashtra is handled by the maharashtra state tax on professions, trades, calling and employment act, 1975 which came into effect on 1st april 1975. Taxact professional tax software pro tax preparation. The maharashtra state tax on profession, trades, callings and.
The professional tax slab rates in maharashtra on salarywage earners are as follows. Professional tax is a tax levied at the state level in india. Profession tax act, 1975 maharashtra i purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into operation from 141975. Professional tax in india statewise professional tax. A person earning an income from salary or anyone practicing a profession such as chartered. Professional tax due dates in maharashtra, pt due dates 2020. Goods and service tax allocation of gst taxpayers to state authorities as on 08. In this act, unless the context otherwise requires.
Some state governments including the state of maharashtra have. Under the act profession tax department of goods and services. Dealers registered under the maharashtra value added tax act, 2002, or dealers registered only under the central sales tax act, 1956, whose annual turnover of sales or purchases, i is rupees 25 lakh or less 2000 per annum ii exceeds rupees 25 lakh 2500 per annum 9. Every person engaged actively or otherwise in any profession, trade, callings or employment and falling. Application of provisions of section 22 of maharashtra value added tax act, 2002 and certain provisions of rules made thereunder. Download professional tax forms for ap, bihar, chhattisgarh, gujarat, karnataka, mp, maharashtra, orisha, telangana, tamil nadu and wb in excelfillable pdf. Every person, engaged actively or otherwise in any profession, trade, calling or. This act is also called as the maharashtra state tax on professions, trade, callings and employments act, 1975. Under maharashtra profession tax act, every covered establishment is required to obtain pt registration certificate and pt. Application for obtaining authorisation for working as a recovery agent under the maharashtra state tax on professions, trades, callings, and employments act, 1975. Professional tax maharashtra professional tax slab in maharashtra. Karnataka tax on professions, trades, callings and employment act, 1976, the karnataka entertainments tax act, 1958, the karnataka agricultural income tax act, 1957, and the karnataka sales tax act, 1957 to give effect to the proposals made in the budget speech and matters connected therewith.
Karnataka tax on professions, trades, callings and employment act, 1976, the karnataka entertainments tax act, 1958, the karnataka agricultural income tax act, 1957, and the karnataka sales tax act. Occupiers of factories as defined in the factories act. Frequently asked question on profession tax pt in maharashtra. Under the act the maharashtra state tax on professions. Different states have varying methods of calculating professional tax. Professional tax in india updated on may 18, 2020, 20407 views. A professional tax enrollment certificateptec ptec has to be taken by the company, director of company, dealer doing business in maharashtra, partner of firm, b professional tax registration. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Apr 10, 20 query on revised return profession tax maharashtra others. The maharashtra state tax on professions, trades, callings and. Taxact professional tax software pro tax preparation software. Co professional tax which state slab pt will applicable as per maharashtra contractor office or gujarat client site. Maharashtra profession tax one time payment of tax. As per new notification, entities having a professional tax liability of more than rs.
Every person engaged actively or otherwise in any profession, trade, callings or employment and falling under one or the other of the classes mentioned in the second column of schedule i appended to profession tax act, is liable to pay profession tax. Maharashtra stateamendt to tax on professions, trades, callings and employments rules, 19756. This is a type of tax that needs to be paid by each and every individual earning income. Profession tax means the tax on professions, trades, callings and employments levied under this act. Tax act, 1957 to give effect to the proposals made in the budget speech and matters connected therewith. According to section 16 iii of the income tax act 1961, the profession tax paid by an employee is allowed as a deduction from hisher gross salary income. Ix of 2005 or dealers registered only under the central sales tax act, 1956, 74 of 1956 whose annual turnover of sales or purchases of previous year, i is. The total amount of professional tax paid during the year is allowed as deduction under the income tax act. Jan 17, 2020 professional tax is the tax by the state governments in india. Purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into. Professional tax in india statewise professional tax slab. Allocation of gst taxpayers to state authorities as on 08. Dealers registered under the maharashtra value added tax act, 2002, or dealers registered only under the central sales tax act, 1956, whose annual turnover of sales or purchases,i is rupees 25 lakh or. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme.
It shall be deemed to have come force on the 1 st day of april, 1975. Apr 24, 2019 professional tax rates in maharashtra t he state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be used in employment generation guarantee scheme. Xxi, form of authority to attend before any profession tax authority. Professional tax slab rates in different states updated. The state of maharashtra has passed an act known as the maharashtra state tax on professions, trades, callings and employments act, 1975 with the purpose to collect revenue to be. In a notification issued in 2019, the government of maharashtra has amended rule 1 and rule 281 of the maharashtra state tax on professions, trades, callings and employments.
Accurate professional tax slabs, benefits for tamil nadu. It extends to the whole of the state of maharashtra. The professional tax in telangana works as per the employment act 1987 and consist of the following slab rates for each month. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act, 1975. Some state governments including the state of maharashtra have passed a law to improves professional tax on the assessee of professional tax. Online payment of profession tax in maharashtra vakilsearch. Please let me know the new increase limit of esic wage on wihch we should deduct employees cont. Professional tax is the tax by the state governments in india. In these rules, unless the context otherwise requires1 the act means the maharashtra state tax on professions, trades,callings and employments act,1975. In these rules, unless the context otherwise requires1 the act means the maharashtra state tax on professions. Profession tax is the tax levied and collected by the state governments in india. Maharashtra profession tax act, 1975 salary and wage earners, such person whose monthly salaries or wages are.
604 1254 1073 12 1371 1409 1392 754 707 654 925 437 490 237 962 797 627 1083 1466 1195 635 1093 343 1264 1211 315 252 517 100 1314 628 1120 739 728 752 670 661 492 789 1207 794 1134 396 89 1448 1262 859 1021 921 154