The maharashtra state tax on profession, trades, callings and. These rules may be called the maharashtra state tax on professions, trades, callings and employments rules, 1975. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Professional tax andhra pradesh pdf download citehr. Taxact professional is very userfriendly and accurate.
The maharashtra state tax on profession, trades, callings. 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 used in employment generation guarantee scheme. Challans between 1 april 2008 to 31 march 2017 are archived. Download professional tax return form iiib file in xls format.
Different states have varying methods of calculating professional tax. The slab for professional tax varies across the different states in india. 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. The professional tax rates is based on the income slabs set by the respective state governments. Maharashtra professional tax amendment in ptec and ptrc return. The maharashtra state tax on professions, trades, callings. Form 5 annual profession tax return every employer registered under the profession tax act is required to furnish an annual return in form 5 within 60 days of the expiry of a year. For section 11 of the profession tax act, the following section shall be substituted, namely. Under the act the maharashtra state tax on professions. April 24, 2019 professional tax rates in maharashtra. Maharashtra sales tax department mstd are started from sap based system. Profession tax faqs registration 1 who is liable to pay profession tax in the state of maharashtra.
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. In this article, we shall go through the major changes in the maharashtra vat act and profession tax act vide maharashtra state budget for fy 201718. 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. This article is very much specifically for the changes in the professional tax rates which. As per the act, if an employer fails or delays the profession tax payment, he is liable to pay simple interest at the rate of 2% per month of the amount of tax due. In these rules, unless the context otherwise requires1 the act means the maharashtra state tax on professions, trades,callings and employments act,1975. Gazette of maharashtra gazette notification gazetteer. Get enrollment certificate for profession tax maharashtra.
It shall come into force on the 1st of april, 1976. As per the maharashtra state tax on professions, trades, callings and employment act, 1975, individuals both selfemployed and salaried as well as corporate entities are liable to pay profession tax on their income. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. As per the maharashtra state tax on professions, trades, callings and employment act, 1975, individuals both selfemployed and salaried as. How to pay professional tax online maharashtra professional. In order to make the registration process for the profession tax, a hasslefree experience, the state government has made the entire process available online. Feb 18, 2020 updated professional tax rates in maharashtra, latest professional tax rates in maharashtra. Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as follows. Maharashtra profession tax otpt schemesummary and practical guide. Amendments to maharashtra value added tax act, sugarcane purchase tax act, profession tax act and entry tax rules. The provisions of the maharashtra goods and services tax act, 2017 regarding recovery of tax shall, mutatis mutandis apply for the recovery of dues under this act. Andhra pradesh goods and services tax act, 2017 act no.
However, the maximum professional tax that may be levied by any state has been capped at rs 2500. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords. Professional tax in maharashtra state doc download citehr. Tax on professions, trades, callings and employments act, 1975. The professional tax of the business entity private ltd, public ltd, opo, etc and also of the owner or professional sole proprietor. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act, 1975.
New professional tax slabs amendment pdf download citehr. Professional tax is the tax assessment collected by the different state governments of india on salaried people working in government or nongovernment elements, or practically speaking of any calling, for example, cas, lawyers, doctors, and so on or complete some type of business, are required to pay this expert expense. This article is very much specifically for the changes in the professional tax rates which have been amended and the updated rates and the criteria for charging the same are mentioned below. Commissioner, corporation area, employer, month, person, profession tax, salary or. It shall be deemed to have come force on the 1 st day of april, 1975. Get enrollment certificate for profession tax maharashtra how to. Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act, 1975 which came into effect from 1 st april 1975. In this act, unless the context otherwise requires,a commissioner means the commissioner of profession tax appointed under section 12, and includes an additional commissioner of profession tax. Now a limited liability partnership and each partner of llp shall be liable to pay pt of rs. Maharashtra profession tax one time payment of tax scheme.
Apart from professional tax rate, the coverage also differs from the state to state, for example, the pay professional tax in maharashtra is applicable in both the case of salaried and selfemployed professionals to earn while working in government or private organization or under any other mode of employment. Under section 32 of maharashtra profession tax, every person excluding partnership firms and huf engaged actively or otherwise under one or other classes of act is liable to pay tax to the state government. In some cases the principal act andor amendment act may not be available. While some states might charge it as a percentage value, other states tend. Under the act the maharashtra state tax on professions, trades. Professional tax is a tax on any kind of profession, trade or employment. An act further to amend certain tax laws in operation in the state of maharashtra. What is professional tax and professional tax slab rate in. Oct 25, 2018 professional tax was introduced in the year 1949 via powers given to the states by the way of clause 2 of article 276 of the constitution of india. It is levied on all the income earned by the way of profession, trade, calling and employment. Goods and service tax allocation of gst taxpayers to state authorities as on 08. Updated professional tax rates in maharashtra pt tax slab rates.
Never had an issue with calculations or missing any important credits or deductions to the return. Professional tax rates for the fy 201920 wealthtechspeaks. Professional tax act department of goods and services tax. As per this act, professional tax is applicable for both individuals and companies. 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. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme.
Professional tax in india statewise professional tax slab. Professional tax rates in maharashtra mumbai professional. Professional tax in maharashtra some important information. Profession tax, directorate of commercial taxes,government of west bengal.
First published, after having received the assent of the governor in the maharashtra government gazette, on the 18th april 2015. Dear all can somebody give me information whether professional tax is applicable if person is getting stipend and not salary. Maharashtra professional tax slab rate, latest news. Javascript must be enabled in order for you to use the site in standard view. 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. Professional tax monthly return in formiiib ajit ukalkar. Whereas it is expedient further to amend certain tax laws in operation in. Principal acts may or may not include subsequent amendments. Every registered employer shall pay profession tax online, below are steps for making online payment of professional tax in maharashtra 1. Electronic forms department of goods and services tax. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act. Get profession tax forms for andhra pradesh, assam, bihar, chattisgarh, gujarat, kerala, madhya pradeshmp, maharashtra.
Updated professional tax rates in maharashtra, latest professional tax rates in maharashtra. First highlight of the budget is the change in mvat rates for the following items. However, in order to pay the profession tax, one needs to obtain an enrollment certificate. Such person should directly approach the concerned rto for enrollment. Commissioner, corporation area, employer, month, person, profession tax, salary or wage, tribunal amendments appended. 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. The act provides a provision to levy a penalty if any entity which is liable to pay the profession tax fails to obtain the enrollment certificate. Know whether you are required to pay professional tax or not. Profession tax means the tax on professions, trades, callings and employments levied under this act. Apr 10, 20 query on revised return profession tax maharashtra others. Under the act the maharashtra state tax on professions, trades, callings and. The maharashtra state tax on professions, trades, callings and. Maharashtra professional tax amendment in ptec and ptrc. Under the act profession tax department of goods and.
Maharashtra stateamendt to tax on professions, trades, callings and. The maharashtra state tax on professions traders callings and. Any person who is engaged in any profession, trade, callings and employment in the state of maharashtra is liable to pay profession tax. The total amount of professional tax paid during the year is allowed as deduction under the income tax act. Taxact professional tax software pro tax preparation. Block will be used to display browser versions to be supported by portal. It extends to the whole of the state of maharashtra. Profession tax is deductible under section 16 iii of the income tax act 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. As per maharashtra official gazette dated 31st march 2018, the government of maharashtra has released the maharashtra tax laws levy and amendment act, 2018 under which the provisions of the maharashtra state tax on professions, trades, callings and employments act. Article discusses benefits under income tax and profession tax act available to disabled or handicapped persons. Professional tax maharashtra professional tax slab in. Income tax act provides deduction under section 80dd, section 80ddb and section 80u and also provide indirect tax benefit under section 64 of the income tax act.
I was a salaried employee two years back and pt was deducted monthly by my employer. Professional tax in india updated on april 8, 2020, 15321 views. Im very satisfied with my purchase for the 5th year in a row. Amendment in profession tax slabs maharashtra govt, has amended profession tax act wef 1. Finance department sachivalaya, gandhinagar, 27th april 1976. What is professional tax and professional tax slab rate in india.
In this act, unless the context otherwise requires. Key highlights of maharashtra state budget for fy 201718. As this tax is a state subject, the rate of profession tax varies from one state to another. Maharashtra government has presented its additional budget on 05th june 2014 through its deputy chief minister and finance minister shri ajit pawar in his budget fm has increased minimum salary limit for profession tax from rs. The state governments of the following states have levied professional tax karnataka, west bengal, andhra pradesh, maharashtra, tamil nadu, gujarat, assam, chattisgarh, kerala. The maharashtra state tax on professions traders callings. Notice for payment of tax due according to a return under section 6 179 kb form 19. Thank you taxact for making my tax preparation a whole lot easier. The professional tax slab rates on salary and wages in maharashtra are as follows. Mar 31, 2018 1 this act may be called the maharashtra tax laws levy and amendment act, 2018. As per new procedure, the certificate of tin can be downloaded from the website earlier it was sent to the address of applicant by postcourier, within a month. Amendments to maharashtra value added tax act, sugarcane purchase tax act.
Get profession tax forms for andhra pradesh, assam, bihar, chattisgarh, gujarat, kerala, madhya pradeshmp, maharashtra, odisha, telangana ts, tamil nadu and west bengal here. Form iva, notice under section 7 for audit under pt act 1975, pdf icon. Professional tax is a tax levied at the state level in india. Taxact professional tax software pro tax preparation software. As per new notification, entities having a professional tax liability of more than rs. The professional tax slab rates on salary and wages in maharashtra. Profession tax is a tax may be imposed on professions and employments even though the employee is already paying an income tax.
You can get the copy of challan in archived challan tab. Who need to register under professional tax in maharashtra. Updated professional tax rates in maharashtra pt tax. Form 8, chalan for payment of profession tax for pt enrollment certificate holder.
683 1194 52 629 1021 177 1245 473 37 357 225 1407 397 1216 1411 23 434 843 382 1465 874 636 1456 302 29 1372 645 546 836