If less than 20 or less 20 employees, than due date for filling of professional tax return is 15 th day from the end of previous year in form no. The revised tax slabs for salaried employees in maharashtra. Professional tax slab rates in india for financial year. Employers are required to deduct profession tax, at prescribed rates, from salary wages. Accurate professional tax slabs, benefits for gujarat. Professional tax for the financial year 201516 monday, march 30th, 2015 amritesh 179 responses 41 views 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. Income tax slabs in india, new income tax slab 2018 budget rate. Professional tax forms in excel fillable pdf finotax. Levied under article 276 2 of the indian constitution, professional tax. Jan 08, 2019 new professional tax slab in west bengal, 2014 january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west bengal state tax on professions, trades, callings and employment act, 1979, commonly known as profession tax act. New site like for how to pay how to pay professional tax online maharashtra has been introduced. P rofession tax is a tax levied on a person engaged in any profession, trade, calling and employment in west bengal.
The professional tax slab rates on salary and wages in maharashtra. Different states have varying methods of calculating professional tax. Updated professional tax rates in maharashtra pt tax. Apr 17, 2019 the professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. Professional tax in india statewise professional tax. Professional tax is a tax levied at the state level in india. As per the equated pt deduction logic, the organization will deduct rs 39 per month rs 2356. Schedule to the west bengal state tax on professions, trades, callings and employments act, 1979 effective from 142014 ref. The maharashtra state tax on professions, trades, callings and employments act, 1975. Deduction of halfyearly profession tax in chennai part i. Professional tax for the financial year 2014 15 wednesday, september 24th, 2014 amritesh 6 responses 119 views 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.
It is paid by dividing the annual professional tax. The state of maharashtra has passed an act known as the maharashtra state tax on. Professional tax slab rates in india for financial year 201617. Professional tax slab rates in different states updated.
Income tax slab rates for individualhuf for fy 201415. 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 professional tax slab rates on salary and wages in maharashtra are as follows. 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.
If the employee leaves the organization at the end of 5 months, the. Income tax slab for financial year 2014 15 posted on. Professional tax for the financial year 201415 wealthtechspeaks. Professional tax slabs for indian states sensys blog. Tax in delhi professional tax in maharashtra professional tax in tamil nadu.
Appointment of officers of the transport department of govt. This tax is deducted from the salary of an employee every month. Allocation of gst taxpayers to state authorities as on 08. Please note that the rates of profession tax are amended and the new. It offers special privileges for women professional tax payers. All working and selfemployed professionals whose monthly income is above rs. Updated profession tax rates in maharashtra taxguru. 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. 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. The maharashtra tax on the entry of goods into local areas act, 2002. Gujarat professional tax slab rate how to register. Dear all, please share state wise professional tax slabs for the year 20 to 2014. There is a special kind of tax levied on salaried individuals and people engaged in profession, trade and calling in india and it is called professional tax.
Online civic services welcome to greater chennai corporation. In schedule i appended to the maharashtra state tax. In section 12b of the maharashtra purchase tax on sugarcane act, 1962, in clause e, for the word and figures year 2014 the words and figures years 2014 and 201415 shall be substituted. Income tax slab rates for financial year 2014 assessment.
The maximum amount of pt that may be levied by any state in a financial year is rs 2500. What i assume according to the tax slab, the professional tax cut from the salary of rs 6774 should be rs. Y 2014 15 the professional tax return due date is 15 th of april 2015 if more than 20 employees, than due date for filling of professional return tax is 15th day from the end of. Senior citizens above the age of 65 and handicapped. In maharashtra, this duty is applicable both on individuals and companies as laid down by the guidelines of the maharashtra professional tax act of 1975. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Income tax slab rate for assessment year 2014 15 i. Professional tax in india updated on may 6, 2020, 18906 views. 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. New rates of professional tax pt deduction will be applicable w. Frequently asked question on profession tax pt in maharashtra. However, there are few states and union territories in india that do not charge professional tax too. Professional tax assam is payable at the rate of rs.
The professional tax for some major states in india are andhra pradesh, maharashtra. 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. Dear sir kindly give me the professional tax slab rate financial yer 2010 11. 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 maharashtra tax on entry of motor vehicles into local areas act, 1987. Maharashtra professional tax slab rate, latest news. Let us assume that an employee earns rs 7,000 per month rs 42,000 in a halfyear period. Professional tax rates in karnataka professional tax rates. Schedule to the west bengal state tax on professions.
Professional tax 20 to 2014 docx download please login cite. Fy 2014 15 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. Though the same slab rate is applicable for the selfemployed individuals, they need to selfdeposit the profession tax. Bihar professional tax slab rates for financial year 201617. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Professional tax is subject to a minimum limit of income and charged as per applicable slab rates of a state. In this activity, we assign a professional tax ptax rate to a slab code.
Every individual living in maharashtra, involved in any business, profession, occupation or employment is legally responsible to pay it and has to get a certificate of enrolment from the. The maharashtra state tax on profession, trades, callings. Maharashtra government has presented its additional budget on 05th june 2014 through. The west bengal state legislature enacted the west bengal state tax on professions, trades, callings and employments act, 1979 in exercise of the power conferred by the article 276 of the constitution of india under entry no. Professional tax slab rates in different states updated for. Professional tax slab rates state wise in india 201920. Ptx challan bihar, professional tax online payment. Download professional tax forms for ap, bihar, chhattisgarh, gujarat, karnataka, mp, maharashtra, orisha, telangana, tamil nadu and wb in excelfillable pdf. Normally, state government imposes professional tax slab rates basis for salaried individuals and collects it monthly. The government of maharashtra has introduced changes to profession tax rates effective 01july2014. April 24, 2019 professional tax rates in maharashtra. Income tax slab tells the tax rate at which you have to pay tax on income.
Professional tax slab of gujaratrevised pdf download citehr. Professional tax act department of goods and services tax. Income tax slab in india for fy 20172018 information about latest tax brackets or current tax slabs in india with new income tax slab budget 2017 for women, senior citizen, pensioners and individual with cess rate. F 1st april 2015 monthly salary professional tax levied p. Each state declares a slab and the professional tax is deducted on the basis of these slabs. However, employees with a monthly gross salary above rs. The maharashtra state tax on profession, trades, callings and. Now, it involves a new provision of tax on employment and calling as well as professions and trades. The employees can claim for the income tax deduction on the profession tax under section 16iii of the income tax act, 1961.
Dear member, gujarat pt slab for the following 3000 to 5999 rs. If you want to continue this discussion or have a follow up question, please post it on the. Profession tax also called tax on employment is imposed by a state under article 276 of the constitution of india. February 5, 2019 professional tax slab rates in india. Maharashtra government has amended section 5,8 and 9 of maharashtra state tax on professions, trades, callings and employments act, 1975. What is professional tax and professional tax slab rate in india. However, in case of professionals, company, director, partners etc. Normal rates of tax applicable to all individualshuf who are less than 60 years of age.
Income tax slab for financial year 201415 mytaxcafe. Maharashtra govt, has amended profession tax act w. As per new notification, entities having a professional tax liability of more than rs. According to section 16 iii of the income tax act 1961, the profession tax. Maharashtra professional tax slab rate, latest news bankbazaar. The revised tax slabs for salaried employees in maharashtra are as follows. Rate schedule department of goods and services tax.
As per the karnataka professional tax slab rates, all individuals with a monthly gross income less than rs. The total amount of professional tax paid during the year is allowed as deduction under the income tax. The professional tax slab rates for the financial year 2018 2019 are. Apr 26, 2012 frequently asked question on profession tax pt in maharashtra. Monthly salary gross amount to be paid as professional tax per month. Professional tax slab rates state wise in india 201920 july 18, 2019 may 7, 2019 by rajesh m here you can find state wise professional tax slab rates of each state in india for 201920. This article is very much specifically for the changes in the professional tax rates which. The present rates of tax applicable to the respective pay slabs enumerated in entry 1 of the schedule i.
Sproimgpayrollpayroll india professional tax assign amounts for professional tax deduction table. Marathi professional tax ereturn filling iii b form on. You will find professional tax slabs applicable in some of the states. Revised profession tax rates in maharashtra wef 01. Professional tax is a tax levied on the income earned by salaried employees and professionals, including chartered accountants, doctors and lawyers, etc. Apr 24, 2019 professional tax rates in karnataka t he state of karnataka has passed an act known as the karnataka tax on professions, trades, callings and employments act, 1976 with the purpose to collect revenue to be used in employment generation guarantee scheme. Maharashtra profession tax revision july 2014 posted by gautham on july 8, 2014. Updated professional tax rates in maharashtra, latest professional tax rates in maharashtra. General rate slab rate for individual resident aged below 60 yearsnri huf aop boi income slabs tax rates where the taxable income does not exceed rs. 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. Further, they can not claim it for the tax deduction in their income tax returns. In the following post, we see the rates which are applicable for different entities.
Please note that the income of financial year 2014 15 is taxable at the tax rate applicable for assessment year 201516. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Professional tax slab in madhya pradesh have been revised in state finance budget 2018. Professional tax maharashtra professional tax slab in. Professional tax slab west bengal for the financial year 20192020 for monthly salary and wages. Revised rates of professional tax in maharashtra greythr. Rates of income tax for fy 2014 15 ay 201516 as per the finance no. New professional tax slab in west bengal, 2014 wbxpress.
Professional tax slab in madhya pradesh for fy 201819. Profession tax in maharashtra is levied with reference to the maharashtra state tax on professions, trades, callings and employment act, 1975 and came into effect from 1041975. The slab of the profession tax has been revised for tamil nadu in the year 2018. Professional tax for the financial year 2014 15 wednesday, september 24th, 2014 amritesh 6 responses 119 views 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. Under the act profession tax department of goods and. Here are the latest telangana professional tax slab rates as per the telangana tax on profession, trades, callings and employment act 1987 for the year 2019 and also find due date for payment of professional tax in telangana. 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. What is professional tax and professional tax slab rate in. West bengal professional tax slabs, rates, registration. 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 profession tax amount is considered exemptible from taxable income of the employee. Jul 16, 2014 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. Moreover, the state may change the tax rates every year. Maharashtra professional tax amendment in ptec and ptrc.
515 1539 995 1305 1261 60 935 1045 643 508 249 1116 27 134 1098 469 122 436 117 1039 880 1019 1243 1488 923 725 385 666 1462 1177 94 373 1229