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. It shall be deemed to have come force on the 1 st day of april, 1975. If you are applying for first time choose this option. 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. As this tax is a state subject, the rate of profession tax varies from one state to another. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. Maharashtra professional tax amendment in ptec and ptrc. Thank you taxact for making my tax preparation a whole lot easier.
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. Such person should directly approach the concerned rto for enrollment. Profession tax means the tax on professions, trades, callings and employments levied under this act. Ii facility of generation and printing of cchallan, challan search. Professional tax is the tax charged by the state governments private equity outlook 2011 pdf in india. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. In section 3 of the maharashtra state tax on professions, trades, callings and employments act, 1975 hereinafter, in this chapter, referred to as the profession tax act, in subsection 2, after the words every person the words and figures, including limited liability partnership, registered under the. As per new notification, entities having a professional tax liability of more than rs. Profession tax, directorate of commercial taxes,government of west bengal.
The calculation of profession tax changes form state to state, as its a tax collected by the state government. Professional tax due dates in maharashtra, pt due dates 2020. Profession tax is the tax levied and collected by the state governments in india. Let us have a look at professional tax forms available for all states in india. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional.
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 profession tax act, 1975 salary and wage earners, such person whose monthly salaries or wages are. The professional tax slab rates are revised every fiscal year and can be paid online by nonsalaried persons. Different states have varying methods of calculating professional tax. Taxact professional tax software pro tax preparation. The procedure for obtaining certificate of enrolment and certificate of registration under the profession tax act has been further. Maharashtra profession tax otpt schemesummary and practical guide. This act is also called as the maharashtra state tax on professions, trade, callings and employments act, 1975. Professional tax act department of commercial tax government. At present the insurance agents are liable to pay profession tax according to their standing in the profession and the.
Profession tax eenrollment3 rd proviso to sec 32 is inserted from 01. Jan 24, 2019 vat forms for maharashtra in excel fillable pdf. The provisions of the maharashtra goods and services tax act, 2017, maharashtra xliii of 2017 regarding recovery of tax shall, mutatis mutandis apply for the recovery of dues under this act. Department of goods and services tax department of goods. 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. For the purpose of this entry banking companies shall mean and include any bank, which came into existence after the year 1949 through separate act but whose operations are governed by the provisions of the banking regulation act, 1949 central act 10 of 1949 irrespective of how the banks came into existence. Professional tax slab rates in different states updated. New professional tax slabs amendment pdf download citehr. April 24, 2019 professional tax rates in maharashtra. For this purpose the blavatsky lodge of ts is registered with the sales tax department. Maharashtra stateamendt to tax on professions, trades, callings and employments rules, 19756. Everything you need to know about professional tax. Please let me know the new increase limit of esic wage on wihch we should deduct employees cont. Under the act the maharashtra state tax on professions.
In some cases the principal act andor amendment act may not be available. Now pay tax under ptec and ptrc together in one challan. Failure to comply with the provisions of the act may result in penal proceedings. Aug 10, 2018 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. 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. Salaried, selfemployed individuals, and companies in maharashtra are levied with professional taxes on their income from several sources. Ptrc taxpayers change in periodicity refer trade circular 37 t 0f 2018. 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. As per this act, professional tax is applicable for both individuals and companies. Trades, callings and empioymcnts aci, 1975 and the maharashtra tax on. 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.
The maharashtra state tax on professions, trades, callings and. Xxi, form of authority to attend before any profession tax authority. Amendments to maharashtra value added tax act, sugarcane purchase tax act, profession tax act and entry tax rules. Maharashtra profession tax one time payment of tax scheme. Maharashtra profession tax one time payment of tax. This tax needs to be paid on earning of salaried people and professionals. Procedure for submission of returns under profession tax, luxury tax and sugarcane purchase tax act after making payment through gras.
Maharashtra state tax on professions, trades, callings and employments act, 1975. Profession tax faqs registration 1 who is liable to pay profession tax in the state of maharashtra. 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. Professional tax in india updated on april 8, 2020, 15321 views. Amendment in profession tax slabs maharashtra govt, has amended profession tax act wef 1. 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. Oct 25, 2017 in this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. Professional tax maharashtra professional tax slab in maharashtra. Ooernment liable to pay tax under swion 5 shall obtain a certificate of amimont. Professional tax act department of goods and services tax.
Under the act profession tax department of goods and. Professional tax is the tax by the state governments in india. Tax on professions, trades, callings and employments act, 1975. This tax is in addition to any other taxes such as income tax, indirect tax gst etc. Professional tax in india statewise professional tax. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords. Under the act the maharashtra state tax on professions, trades. Special powers of profession tax authorities for recovery of tax as arrears of land revenue. Taxact professional is very userfriendly and accurate. While some states might charge it as a percentage value, other states tend to charge it as a fixed amount based on income slabs. Professional tax is a tax 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. Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as.
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. Exemption of late fee us 6 3 of the maharashtra state tax on professions, trade, callings. 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. The professional tax slab rates on salary and wages in maharashtra are as follows. Exemption of late fee us 6 3 of the maharashtra state tax on professions, trade, callings and employment act, 1975 to the government aided educational institutions.
Above inr1 inr300 for february and inr200 for rest of the months. It extends to the whole of the state of maharashtra. 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 slab rates in different states updated for. Profession tax is a tax may be imposed on professions and employments even though the employee is already paying an income tax. Maharashtra state tax on professions, trades, callings and. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. In this act, unless the context otherwise requires. If there is no previous year for such dealer, the rate of profession tax shall be rs.
You are further requested to make necessary payment of appropriate profession tax. Which states that, a person who is liable to pay tax has remained unenrolled. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. How to pay professional tax online maharashtra professional. Professional tax act maharashtra pdf profession tax act.
Appeal for enrolment registration under profession tax act. What are the documents required for professional tax. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or. What is professional tax and professional tax slab rate in india. 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. Profession tax enrolment user manual 2014 2 first time application a step by step road map this is the view of home page for online enrolment of profession tax. Commissioner, corporation area, employer, month, person, profession tax, salary or wage, tribunal amendments appended. Application of provisions of section 22 of maharashtra value added tax act, 2002 and certain provisions of rules made thereunder. Principal acts may or may not include subsequent amendments. Kindly note that epayment of registration fees and deposit under vat and cst acts is to be done on mahavat portal or banks portal. Amendment to maharashtra state tax on professions, trade, callings and employment act, 1975, by maharashtra act no. In this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. Professional tax rates for the fy 201920 wealthtechspeaks.
What is professional tax and professional tax slab rate in. Therefore, you are kindly requested to enroll yourself under profession tax act and also obtain pt registration certificate, if applicable. Frequently asked question on profession tax pt in maharashtra. Feb 18, 2020 professional tax due dates in maharashtra. The maharashtra state tax on profession, trades, callings. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. Goods and service tax allocation of gst taxpayers to state authorities as on 08. Jul 30, 2007 pt slab of maharashtra state pdf download. Go live of online filing of appeal applications along with appeal payments under vat and cst act. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Im very satisfied with my purchase for the 5th year in a row. Form iva, notice under section 7 for audit under pt act 1975, pdf icon. When the salaries of an employee exceeds 7500 per month a profession tax has to be paid and return filed electronically.
Get profession tax forms for andhra pradesh, assam, bihar, chattisgarh, gujarat, kerala, madhya pradeshmp, maharashtra, odisha, telangana ts, tamil nadu and west bengal here. Professional tax is a tax levied at the state level in india. The maharashtra state tax on profession, trades, callings and. Never had an issue with calculations or missing any important credits or deductions to the return. Accurate professional tax slabs, benefits for tamil nadu.
Check various due dates maharashtra professional tax. Like other states in india, the maharashtra government also levies professional charges on the income earn from professional sources. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act, 1975. The government of maharashtra has made available the facility of collection. Vat forms for maharashtra in excel fillable pdf finotax. Under the act profession tax department of goods and services. Profession tax act 1975 bare act pdf the maharashtra sales tax on the transfer of property in goods. Professional tax in maharashtra some important information. Maharashtra profession tax act, 1975 arp consulting. Javascript must be enabled in order for you to use the site in standard view. Any person who is engaged in any profession, trade, callings and employment in the state of maharashtra is liable to pay profession tax. All the ptrc and ptec holders under the profession tax act,1975 maharashtra value added tax act,2005 and the central sales tax act,1956 are requested to fill the requisite information and upload the profession tax. Office of the commissioner of profession tax, maharashtra.
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