CA Sandeep Kanoi

CA Sandeep KanoiMaharashtra 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. 5000 to Rs. 7500 which has come into effect from From July 2014 on salary payable in August 2014.

Schedule of rates of tax on professions, trades, callings and employments after Budget:14

Please note that the rates of PROFESSION TAX are amended and the new rates will be effective from 01.07.2014.

The new slabs effective from 01/0/2015 is as under :-

RATE SCHEDULES UNDER THE PROFESSION TAX ACT, 1975

SCHEDULE I – (SEE SECTION 3)

Schedule of Rates of Tax on Professions, Trades, Callings and Employments.

Sr. No. Class of Persons Rate of Tax
1/4/2006 to 30/6/2009
1. Salary and Wage earners-Such persons whose monthly salaries or wages :-
(a) do not exceed rupees 2,500; Nil
(b) Exceeds rupees 2,500 but do not exceed rupees 3,500; 60 per month
(c) Exceeds rupees 3,500 but do not exceed rupees 5,000; 120 per month
(d) Exceeds rupees 5,000 but do not exceed rupees 10,000; 175 per month
(e) Exceeds Rs 10,000/- 2,500 per annum to be paid in the following manner :-

(a) rupees two hundred per month except for the month of February

(b) rupees three hundred for the month of February.

1/7/2009 to 30/6/2014
Salary and Wage earners-Such persons whose monthly salaries or wages :-
(a) do not exceed rupees 5,000; Nil
(b) Exceeds rupees 5,000 but do not exceed rupees 10,000; 175 per month
(c) exceeds rupees 10,000 2,500 per annum to be paid in the following manner :-

(a) rupees two hundred per month except for the

month of February

(b) rupees three hundred for the month of February.

1/7/2014 to 31/3/2015
Salary and Wage earners-Such persons whose monthly salaries or wages :-
(a) do not exceed rupees 7,500; NIL
(b) Exceeds rupees 7,500 but do not exceed rupees 10,000; 175 per month
(c) exceeds rupees 10,000 2,500 per annum to be paid in the following manner :-

(a) rupees two hundred per month except for the month of February

(b) rupees three hundred for the month of February.

1/4/2015 onwards
Salary and Wage earners-Such persons whose monthly salaries or wages :-
(a) do not exceed rupees 7,500; NIL
(b) (i) In case of male, exceed Rs. 7,500 but do not exceed rupees 10,000; 175 per month
(ii) In case of female, do not exceed Rs 10,000; NIL
(c) exceeds rupees 10,000 2,500 per annum to be paid in the following manner :-

(a) rupees two hundred per month except for the month of February

(b) rupees three hundred for the month of February.

1/4/2006 Onwards
2. (a) Legal Practitioners including Solicitor and Notaries; 2500 per annum
(b) Medical Practitioners, including Medical Consultants and Dentists; 2500 per annum
(c) Technical and Professional Consultants, including Architects,Engineers, R.C.C. Consultants, Tax Consultants, Chartered Accountants, Actuaries and Management Consultants; 2500 per annum
(d)Chief Agents, Principal Agents, Insurance Agents and Surveyors and Loss Assessors registered or licensed under the Insurance Act, 1938, U.T.I. Agents under U.T.I. Scheme, N.S.S. agents under postal Scheme; 2500 per annum
(e)Commission Agents, Dalals and Brokers (other than estate brokers covered by any other entry elsewhere in this Schedule); 2500 per annum
(f)All types of Contractors (other than building contractors covered by any other entry elsewhere in this Schedule); and 2500 per annum
(g)Diamond dressers and diamond polishers; having not less than one year’s standing in the profession. 2500 per annum
3. (a) Members of Association recognised under the Forward Contracts (Regulations) Act, 1952 2500 per annum
(b) (i) Member of Stock Exchanges recognised under the Security Contracts (Regulation) Act, 1956; 2500 per annum
(b) (ii) Remisiers recognised by the Stock Exchange; 2500 per annum
4. (a) Building Contractors; 2500 per annum
(b) Estate Agents, Brokers or Plumbers, having not less than one year’s standing in the profession. 2500 per annum
5. Directors (other than those nominated by Government) of Companies registered under the Companies Act, 1956, and Banking Companies as defined in the Banking Regulation Act, 1949,

 

Explanation : The term ‘Directors’ for the purpose of this entry will not include the persons who are Directors of the companies whose registered offices are situated outside the State of Maharashtra and who are not residing in the State of Maharashtra.

2500 per annum
6. (a) Bookmakers and Trainers licensed by the Royal Western India Turf Club Limited; 2500 per annum
(b) Jockeys licensed by the said Club 2500 per annum
7. Self-employed persons in the Motion Picture Industry, Theatre, Orchestra, Television, Modelling or Advertising Industries, as follows:
(a) Writers, Lyricists, Directors, Actors and Actresses (excluding Junior Artists), Musicians, Play-back Singers, Cameramen, Recordist, Editors and Still-Photographers, 2500 per annum
(b) Junior Artists, Production Managers, Assistant Directors, Assistant Recordists, Assistant Editors and Dancers. 1000 per annum
8. 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. Occupiers of Factories as defined in the Factories Act, 1948, who are not covered by entry 8 above 2500 per annum
10. (1)(A) Employers of establishments as defined in the Bombay Shops and Establishment Act, 1948, where their establishments are situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 – Such employers of establishments,-
(a) where no employee is employed 1000 per annum
(b) where not exceeding two employees are employed 2000 per annum
(c) where more than two employees are employed 2500 per annum
(B) Employers of establishments as defined in the Bombay Shops and Establishments Act, 1948, where their establishments are not situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 –Such employers of establishment,-
(a) where no employee is employed 500 per annum
(b) where not exceeding two employees are employed, 1000 per annum
(c) where more than two employees are employed 2500 per annum
(2) Persons owning / running STD / ISD booths or Cyber Cafes, other than those owned or run by Government or by physically handicapped persons; 1000 per annum
(3) Conductors of Video or Audio Parlours, Video or Audio Cassette Libraries, Video Game Parlours; 2500 per annum
(4) Cable Operators, Film Distributors; 2500 per annum
(5) Persons owning / running marriage halls, conference halls, beauty parlours, health centres, pool parlours; 2500 per annum
(6) Persons running / conducting coaching classes of all types 2500 per annum
11. Owners or Lessees of Petrol / Diesel / Oil Pumps and Service Stations / Garages and Workshops of Automobiles 2500 per annum
12 Licensed Foreign Liquor Vendors and employers of Residential Hotels and Theatres as defined in the Bombay Shops and Establishments Act, 1948. 2500 per annum
13. Holders of permits for Transport Vehicles granted under the Motor Vehicles Act, 1988, which are used or adopted to be used for hire or reward, where any such person holds permit or permits for,-
(a) three wheeler goods vehicles, for each such vehicle 750 per annum
(b) any taxi, passenger car, for each such vehicle 1000 per annum
(c) (i) goods vehicles other than those covered by (a) 1500 per annum
(c) (ii) trucks or buses 1500 per annum
for each such vehicle :Provided that the total tax payable by a holder under this entry shall not exceed rupees 2,500 per annum.
14. Money lenders licensed under the Bombay Money-lender Act, 1946 2500 per annum
15. Individuals or Institutions conducting Chit-Funds 2500 per annum
16. Co-operative Societies registered or deemed to be registered under the Maharashtra Co-operative Societies Act, 1960 and engaged in any profession, trade or calling –
(i) State level Societies 2500 per annum
(ii) Co-operative sugar factories and spinning Mills 2500 per annum
(iii) District level Societies 750 per annum
(iv) Handloom weavers co- operative societies 500 per annum
(v) All other co-operative societies not covered by clauses (i), (ii),(iii) and (iv) above. 750 per annum
17. Banking Companies, as defined in the Banking Regulation Act, 1949. 2500 per annum
18. Companies registered under the Companies Act, 1956 and engaged in any profession, trade or calling. 2500 per annum
19. Each Partner of a firm (whether registered or not under the Indian Partnership Act, 1932) engaged in any profession, trade, or calling. 2500 per annum
20. Each Co-parcener (not being a minor) of a Hindu Undivided Family, which is engaged in any profession, trade or calling. 2500 per annum
21. Persons other than those mentioned in any of the preceding entries who are engaged in any profession, trade, calling or employment and in respect of whom a notification is issued under the second proviso to sub-section (2) of section 3 2500 per annum

Note: 1.

Where a person is covered by more than one entry of this Schedule, the highest rate of tax specified under any of those entries shall be applicable in his case. This provision shall not be applicable to entry 16(iv) of the schedule.

Note: 2.

For the purposes of Entry 8 of the Schedule, the Profession Tax shall be calculated on the basis of the “turnover of sales or purchases” of the previous year. If there is no previous year for such dealer, the rate of Profession Tax shall be Rs. 2000. 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. ”

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30 responses to “Updated Profession Tax Rates in Maharashtra”

  1. Vilas M Sangle says:

    my salary of may 17 is Rs. 8419/- and June 17 is Rs.6000/-,
    then how much professional tax deduct from my salary of each month

  2. Rohit Khandelwal says:

    can u please tell me, what is the rate of professional tax in Maharashtra for FY 2017-18 and how can in pay this tax to govt.

  3. M V PILLAI says:

    Sir,

    If some body gets employed in Jan 2017, does he has to pay profession tax for two months or for entire year 2016-17 ?

    M.V.Pillai

  4. Amol Deo says:

    i am doing job and i pay professional tax.
    I am also doing a computer business also
    Is it necessary to pay seperate pt for the firm if it is done in free time as a hobby.

  5. RAJENDRA D DHUMAL says:

    HOW TO GET PROFESSION TAX NUMBER FROM OLD TO NEW ONE PLEASE HELP

  6. Rajneesh Rathour says:

    if your salary is more than Rs. 7500 then Rs. 175 professional tax will be deducted from your salary.

  7. Priya Kurup says:

    Kindly confirm the Slab of Rs 300 to be deducted in the month of Feb is applicable only to the regular employee whose salary is Rs 10000 and above or to all the employee who is earning Rs 10000 & above in the month of Feb

  8. Bhavesh visputr says:

    Our company is aircraft manufacturing named hindustan aeronautics limited situated in ojhar village tal niohad dist nashik state maharashtra is giving 2500 oer annum proffession tax i it clear…no any procedure to stop this tax

  9. CHANDRESH says:

    is it compulsory to pay professional tax every month or it is ok if i pay yearly. suppose my boss says will pay your professional tax 2500 yearly on which pt i have to pay.will i get new professional tax number or the same number in which other employee professional tax is paid.

  10. patl says:

    sir,
    I have started my tourist taxi business in pune (Maharashtra ).so please let me know , how much i have to pay Professional tax & how much is the validity.
    thanks

  11. shekhar pandey says:

    Profossional tax will be ded.from employee salary.

  12. M.A.S. says:

    if i am an Architect having own business in mumbai then at what amt should i pay PT, is there any turnover limit?

  13. Ghanshyam Badgujar says:

    My Wife is Truck Owner and she is handicapp .So what is rules of Profession Tax for the year 15-16. Is the profession Tax is weive or not ?

  14. Umesh Kapr says:

    taxguru is the best
    thank you.

  15. Alka Sawale says:

    Dear Sir,
    Please let me know whether female employees have got exemption from PT deduction if their salary is below Rs. 10000/-(Gross)

  16. Janardan says:

    my salary is 7500 is profession tax applicable or not please confirm the details

  17. Sandep says:

    Dear Sir,

    Please provide on priority,new PT slab rate along with date of monthly/yearly PT return.

  18. priti says:

    my slary is 7500 is profession tax applicable or not please confirm the details –

  19. ashwini says:

    i work in pvt co. in mumbai with monthly salary of 14000 and P.T. is deducted. if i am absent for 15 days what PT should be deducted? and if some additional incentives are given in a particular month over & above 14000 then what pt should be deducted. please ans bcz there is lots of confusion

  20. shikha says:

    Head office of a company is in Mumbai where professional tax is applicable and its branch office is in UP where the same is not applicable. Whether the employees of UP branch are required to pay professional tax??

  21. Tarunkumar says:

    Sir,

    has the Prof. Tax be deducted from the employees salary or is it the employer’s liability.

    What exactly does the rule say?

    Tarunkumar – Manager-HR

  22. Uday Kant Jha says:

    Hi,

    I wants to know that what is the garce period of PT return-Maharashtra from last date.

    Regards
    Uday

  23. NITESH says:

    my slary is 7500 is profession tax applicable or not please confirm the details

  24. Mandar says:

    Dear Sir,
    I want to know about VAT & CST.
    Actually I am making some pcb’s, electronic control system for industrial control system like motor speed controller. When I have sale it to next person in an industries, they obviously demanded tax invoice.
    Now, my problem is that my turnover is not crossing the limit of 10 lakh, so how can I generate the invoice without tax?
    and without tax invoice they will not accept their order. They will refused it.
    please help me

  25. Umesh says:

    Please provide notification.

    Umesh B.

  26. vijay says:

    Please tell me the exemption slab rate of professional tax from 1st July 2014
    E.g. upto 2500, 2501 to 3500 & 3501 to 5000

  27. chetan says:

    Resp Sir,

    Please provide new PT slab rate.

    Chetan

  28. Pooja says:

    Thank you.

  29. Arvind Parmar says:

    good one

  30. Kapil says:

    Hello Sir,

    Please provide reference to the Notification implementing new rates from 1st July, 2014.

    CA Kapil Agarwal

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