What are the documents required for professional tax. What is professional tax and professional tax slab rate in india. This site makes no claim that the information available on its pages is correct and or uptodate. Since professional tax is levied by the state government, it tends to differ for various states. The facility of making epayments under all acts except gst administered by maharashtra goods and services tax department mgstd is available on the website.
The government of maharashtra has introduced changes to profession tax rates effective 01july2014. Professional tax slab rates in different states updated. Frequently asked question on profession tax pt in maharashtra. These forms open in pdf readers with fields meant for filling of. Now pay tax under ptec and ptrc together in one challan. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions. The following are the professional tax rates in key states in india. Please use the information at your own risk and responsibility. 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. The professional tax deducted by the maharashtra government is subject.
Form 8, chalan for payment of profession tax for pt enrollment certificate holder, pdf icon 51. Apr 26, 2012 frequently asked question on profession tax pt in maharashtra. Accurate professional tax slabs, benefits for tamil nadu. What is professional tax and professional tax slab rate in. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. The revised tax slabs for salaried employees in maharashtra are as follows.
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. May 25, 2019 professional tax forms for all states are available here. Each state declares a slab and the professional tax is deducted on the basis of these slabs. New site like for how to pay how to pay professional tax online maharashtra has been introduced.
Payment of professional tax in maharashtra can be done quickly on the mahavat website. How to pay professional tax online maharashtra professional. Steps for professional tax registration is as followi. It is allowed as a deduction from the gross income before computing the tax.
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. The maharashtra state tax on profession, trades, callings. Professional tax due dates in maharashtra, pt due dates 2020. Professional tax maharashtra professional tax slab in maharashtra. Download professional tax forms for ap, bihar, chhattisgarh, gujarat, karnataka, mp, maharashtra, orisha, telangana, tamil nadu and wb in excelfillable pdf. 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. Jan 24, 2019 download professional tax forms for ap, bihar, chhattisgarh, gujarat, karnataka, mp, maharashtra, orisha, telangana, tamil nadu and wb in excelfillable pdf. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act. 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.
An act further to amend certain tax laws in operation in the state of maharashtra. Maharashtra profession tax otpt schemesummary and practical guide the government of maharashtra vide notification no. Employers are required to deduct profession tax, at prescribed rates, from salary wages paid to employees, and to pay the tax to state government on behalf of. To get an idea of how to go about paying professional tax, take a look at the process of professional tax payment in karnataka. Dear taxpayers, database of profession taxpayers is being updated.
Ptec permits to pay the professional tax of the business entity private ltd, public ltd, opc, etc and also of the owner or professional sole proprietor, partner, director, etc. The maharashtra state tax on professions, trades, callings and. Maharashtra profession tax one time payment of tax scheme. Online payment of professional tax in maharashtra 2018 process 1. April 24, 2019 professional tax rates in maharashtra. It extends to the whole of the state of maharashtra. Maharashtra government gazette, on the 18th april 2015. Women employees whose salary is below 0 rs are exempted from professional tax. Profession tax means the tax on professions, trades, callings and employments levied under this act. Maharashtra profession tax revision july 2014 posted by gautham on july 8, 2014. Professional tax is deducted by the employers from the salary of. Professional tax maharashtra know more about maharashtra professional tax payment due date, slab rate and how to pay professional tax in maharashtra. These forms retain the original format of the form. Under the act profession tax department of goods and services.
Professional tax interest on non payment on of professional tax, article 276. Any person working in mumbai has to pay professional tax to the government of maharashtra. Whereas, the function of a ptrc is to permit the employer government or nongovernment to deduct professional tax from the. 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. As this tax is a state subject, the rate of profession tax varies from one state to another. Professional tax or employment tax is a statebased tax. In the state of maharashtra rs 5day is imposed as a penalty for delay. However, inadvertent errors omissions are not ruled out.
Professional tax is a tax on any kind of profession, trade or employment. Professional tax is levied on all professions, trades, and. 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 maharashtra professional tax slab in. Feb 18, 2020 professional tax due dates in maharashtra. Jan 24, 2019 profession tax maharashtra mtr 6 in excel format professional tax challan form about forms compiled in pdf fillable as excel word format. In case professional tax is allowed as a credit from the net tax payable instead.
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. In fact, epayment is mandatory for those making the payment monthly. Profession tax is the tax levied and collected by the state governments in india. Allocation of gst taxpayers to state authorities as on 08. The maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into operation from 141975. Professional tax challan form about forms compiled in pdf fillable as excel word format. State of maharashtra is liable to pay profession tax. Professional tax rates in maharashtra mumbai professional. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal.
You are required to make payment and file returns monthly if your tax liability is over rs. This tax is in addition to any other taxes such as income tax, indirect tax gst etc. Professional tax slab rates state wise in india 201920. Who need to register under professional tax in maharashtra p rofessional tax is a tax on any kind of profession, trade or employment. The professional tax is a source of revenue for the state governments which helps the different in implementing schemes for the welfare and development of the region. Maharashtra professional tax slab rate, latest news. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. There are two type of professional certificate professional tax enrollment certificate and professional tax registration certificate.
Professional tax rates for the fy 201920 wealthtechspeaks. Today we are discussing on frequently asked question on professional tax registration in maharashtra like who will liable to register, type of professional tax registration, documents required for professional tax registration, return frequency and cancellation of professional tax number. Professional tax is a tax levied on the income earned by salaried employees and professionals, including chartered accountants, doctors and lawyers, etc. Revised return of profession tax retrun this query is. Professional tax is a tax levied at the state level in india. The calculation of profession tax changes form state to state, as its a tax collected by the state government. Who need to register under professional tax in maharashtra. Maharashtra professional tax amendment in ptec and ptrc return. Co professional tax which state slab pt will applicable as per maharashtra contractor office or gujarat client site. If you are applying for first time choose this option. Professional tax in india statewise professional tax.
This tax needs to be paid on earning of salaried people and professionals. Check various due dates maharashtra professional tax. Challans between 1 april 2008 to 31 march 2017 are archived. Whereas it is expedient further to amend certain tax laws in operation in the state of maharashtra, for the purposes hereinafter appearing. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. 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. Professional tax act department of goods and services tax. Employers are required to deduct profession tax, at prescribed rates, from salarywages paid to employees, and to pay the tax to state government on behalf of. Maharashtra professional tax slab rate, latest news bankbazaar. Professional tax forms for all states are available here. Pft 1105cr 122a taxation3, dated the 3rd november, 2006 m. Levied under article 276 2 of the indian constitution, professional tax is. The professional tax slab rates on salary and wages in maharashtra are as follows. 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.
Some state governments including the state of maharashtra have passed a law to improves professional tax on the assessee of professional tax. Revised return of profession tax retrun caclubindia. New template of form e 704 audit report for fy 201819 is deployed on mahagst site in downloads forms electronic forms e704. This act is also called as the maharashtra state tax on professions, trade, callings and employments act, 1975. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Jul 18, 2019 here you can find state wise professional tax slab rates of each state in india for 201920 along with with their payment due dates, associated forms, and website details. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Get profession tax forms for andhra pradesh, assam, bihar, chattisgarh, gujarat, kerala, madhya pradesh mp, maharashtra, odisha, telangana. 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. Professionals working in government or nongovernment sectors, doctors. Professional tax forms in excel fillable pdf finotax. Mar 27, 2020 professional tax interest on non payment on of professional tax, article 276. Maharashtra state tax on professions, trades, callings and.
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. This must be done by the last day of the subsequent month. A person includes hindu undivided family, firm, company, corporation or other corporate body, any society, club or association. However, it is safe to assume that the information that you need to submit, and the process will be similar. As per this act, professional tax is applicable for both individuals and companies. Due diligence is exercised in compiling the information by collecting it from various state and other sites. Ptrc payment of professional tax for employees online. See rule 28 a of the maharashtra state tax on professions, trades, callings and employments rules, 1975.
Professional tax slab rates in different states updated for. Professional tax is the tax by the state governments in india. Jan 30, 2018 yes, you should register for ptrc also. However, there are few states and union territories in india that do not charge professional tax too. All these e payments are made on the ecil run automation system. 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.
How to file online professional tax return youtube. The professional tax of the business entity private ltd, public ltd, opo, etc and also of the owner or professional sole proprietor. The purpose of this definition is to fix the responsibility to deduct the professional tax from the employees salary and pay to the government. You can get the copy of challan in archived payment history tab. 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. Maharashtra sales tax department mstd are started from sap based system. Like other states in india, the maharashtra government also levies professional charges on the income earn from professional sources. Ptrc taxpayers change in periodicity refer trade circular 37 t 0f 2018. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, lawyer, doctor etc. Department of goods and services tax department of goods. Different states have varying methods of calculating professional tax.
The maharashtra state tax on profession, trades, callings and. 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 in india statewise professional tax slab. Professional tax in india updated on april 19, 2020, 16156 views. Sir i want file revised return of professional tax ie form no iiib but there are 4 options 1 original 2 u s 6 4 a 3 u s 6 4 b i 4 u s 6 4 b ii under which section i have to file. Please let me know the new increase limit of esic wage on wihch we should deduct employees cont. Professional tax rates for the financial year 201920 for the respective states has been discussed in this post. 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. While some states might charge it as a percentage value, other states tend to charge it as a fixed amount based on income slabs. Jan 17, 2020 professional tax is the tax by the state governments in india.
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