Excel format of professional tax returncumchallan for maharashtra state doc download k. There are two type of professional certificate professional tax enrollment certificate and professional tax registration certificate. Hi all, i have found soft copies of maharashtra state tax on professions, trades, callings and employments act and rules. The state government continues with its efforts to rope in more taxpayers for professional tax. Unlike the other states maharashtra professional tax will be calculated in a specific manner.
Maharashtra professional tax notification pdf download. 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. Directorate general for economic and financial affairs. Professional tax is the tax charged by the state governments private equity outlook 2011 pdf in india. Detail of offices department of goods and services tax. Professional tax computation for maharashtra hi, can anybody tell me how to configure the professional tax computations for maharashtra state region code. Nonagricultural tax may be withdrawn the fate of a longimpending battle of over 10,000 families from suburban mumbai over the unprecedented hike of nonagricultural na tax with the government.
The professional tax deducted by the maharashtra government is subject to the minimum income level of an individual. Accurate professional tax slabs, benefits for tamil nadu. Since professional tax is levied by the state government, it tends to differ for various states. Professional tax is a tax levied at the state level in india. What is professional tax and professional tax slab rate in. Jun 21, 2018 go to in en scroll down you will find the tile log in for e services once you hover your mouse over the tile, it will turn around and give you 2 options. The maharashtra state tax on profession, trades, callings. 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. Any person who is engaged in any profession, trade, callings and employment in the state of maharashtra is liable to pay profession tax. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Can anybody please provide me the slab of professional tax in maharashtra awaiting for your reply and thanks in advance.
Goods and service tax allocation of gst taxpayers to state authorities as on 08. Professional tax rules for partnership firm, propriatory. This tax is levied based on slab rates depending on the income of individual. In yet another simplification of rules for ease of doing business, the state cabinet on tuesday approved a proposal detailing how nonagricultural na rates are to be calculated for. Contact details chit fund authorities maharashtra state pdf icon 164. Please note these professional tax rates is only as per gujarat state we provide professional tax slab rates for all states in next article. Professional tax maharashtra and form16summary of payslip. However, there are few states and union territories in india that do not charge professional tax too. Download professional tax forms for ap, bihar, chhattisgarh, gujarat, karnataka, mp, maharashtra, orisha, telangana, tamil nadu and wb in excelfillable pdf. This tax needs to be paid on earning of salaried people and professionals. Under the act the maharashtra state tax on professions.
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. Maharashtra profession tax act, 1975 arp consulting. The ptax slab rates for pertaining maharashtra are as follows. Who need to register under professional tax in maharashtra. Pt is a tax which is levied by the state on the income earned by the way of profession, trade, calling or employment. Check various due dates maharashtra professional tax. The state government of each state is empowered with the responsibility of structuring as well as formulating the respective professional tax criteria and they are also required to collect funds through professional tax. If you are registered as an employer you must fill in an employers contributions and paye tax return every month. Salaried, selfemployed individuals, and companies in maharashtra are levied with professional taxes on their income from several sources. If any one can through more light on provident fund and esic wil also b better. Jul 23, 2014 this document comprises the steps for configuring the professional tax for maharashtra.
A huge number of candidates have applied for this notification and searching for maharastra psc question paper with answer in marathi pdf. Jan 24, 2019 download profession tax maharashtra form iii, return cum challan in excel format by finotax which you can fill before print on your pc laptop. This document comprises the steps for configuring the professional tax for maharashtra. The revised tax slabs for salaried employees in maharashtra are as follows.
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. Ptec from viii maharashtra form to pay professional tax. The state is surrounded by the sahyadri mountain ranges in the west, satpuda hills in the north and bhamragadchiroli. 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 which is levied by the state on the income earned by way of profession, trade, calling or employment. Professional tax in india statewise professional tax. Profession tax challan maharashtra pdf profession tax maharashtra mtr 6, challan in excel format by finotax. An act further to amend certain tax laws in operation in the state of maharashtra. For five years the total tax has been rs 12,500 but you have to pay only rs 10,000.
Frequently asked question on profession tax pt in maharashtra. The last date for payment of all dues depends on who is paying the tax in maharashtra. Professional tax forms in excel fillable pdf finotax. The calculation of profession tax changes form state to state, as its a tax collected by the state government. Professional tax is a tax on any kind of profession, trade or employment. Pft,1175a6, dated 11th june 1975 chapter i preliminary 1.
Currently, an individual who registers belatedly for professional tax has to pay his dues going back. Professional tax in india updated on april 14, 2020, 15715 views. At present the insurance agents are liable to pay profession tax. Block will be used to display browser versions to be supported by portal. Maharashtra simplifies calculation of nonagricultural rates. 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. A comparative study of tax structure of india with respect. Online payment of profession tax in maharashtra vakilsearch. Professional tax rate for 201112 in maharashtra this query is. The authority may impose a penalty equal to 10% of the tax due. Unlike the other states maharashtra professional tax will be calculated in a specific.
Professional tax in maharashtra pdf hi all, i have found soft copies of maharashtra state tax on professions, trades, callings and. Maharashtra sending out notices to all companies registered in the state who have even one employee. Tax application for foreign entrepreneurs skatteverket. More on skatteverket information and tips about forms, pdfacrobat, and filling in forms reports and yearbook from feared tax collector to popular service. Member strength 30,73,832 and growing get latest updates. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. All states professional tax rates simple tax india. 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. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. In order to give effect to the announcements made in house, certain amendments have been made to the maharashtra state tax on profession, trade, callings and employments act. The professional tax slabs in india are applicable to those citizens of india who are either involved in any profession or trade. Dear gurus, this document comprises the steps for configuring the professional tax for maharashtra. Professional tax is levied by all state governments as a tax on profession, trade, calling or employment.
Apr 21, 2011 can anybody please provide me the slab of professional tax in maharashtra awaiting for your reply and thanks in advance. Maharashtra profession tax revision july 2014 posted by gautham on july 8, 2014. Schedule entry 7 of the maharashtra state tax on professions, trades, callings and employments act, 1975 170. You can see detailed, professional tax slab rate of maharashtra in this page. Professional tax slab rates in different states updated. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. Professional tax rate for 201112 in maharashtra resolved. Professional tax maharashtra professional tax slab in.
For those candidates, we provide free downloading links of previous year papers of maharastra psc. Ptrc payment of professional tax for employees online. The professional tax slab rates are revised every fiscal year and can be paid online by nonsalaried persons. However, taxes have profound effects on economic behavior and affect the real economy by distorting choices. Professional tax act gujarat pdf 1 this act may be called private equity compensation report 2011 pdf 1gujarat panchayats, muncipalities, municipal. Profession tax act 1975 bare act pdf the maharashtra sales tax on the transfer of property in goods. Challans between 1 april 2008 to 31 march 2017 are archived. I wanted to know what are the professional tax rules for partnership firm propitiatory and company differently. This tax is in addition to any other taxes such as income tax, indirect tax gst etc. In maharashtra you can save 20% of professional tax if you pay in lump sum for five years.
You are required to make payment and file returns monthly if your tax liability is over rs. Profession tax faqs registration 1 who is liable to pay profession tax in the state of maharashtra. The government of maharashtra has introduced changes to profession tax rates effective 01july2014. 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. Any person working in mumbai has to pay professional tax to the government of maharashtra. Payment of professional tax in maharashtra can be done quickly on the mahavat website. Notice for payment of tax due according to a return under section 6 179 kb form 19.
Honourable finance minister of maharashtra presented the budget on 18 th march 2017. Addressed 338 investor issues, unlocking investment of more than inr. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Maharashtra profession tax act, 1975 salary and wage earners, such person whose monthly salaries or wages are.
The payment takes place annually, while for companies with lesser liability have to. The states levy this tax by virtue of constitutional powers under article 276 of the constitution of india. Jan 14, 2011 maharashtra stateamendt to tax on professions, trades, callings and employments rules, 19756. Kindly note that the offices of return and recovery branches are shifted. Accurate professional tax slabs, benefits for odisha. 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. Nov 06, 2016 brief notes on professional tax brief notes on pt faqs on professional tax what is professional taxprofessional tax is levied by particular municipal corporations and majority of the indian states impose this duty. Professional tax rates in maharashtra mumbai professional. These rules may be called the maharashtra state tax on professions, trades, callings and employments rules, 1975.
A comparative study of tax structure of india with respect to other countries mr. Appendix i professional tax clearance certificate this is to certify that ms. First published, after having received the assent of the governor in the maharashtra government gazette, on the 15th june 2017. Professional tax act maharashtra pdf profession tax act.
The maharashtra state tax on professions, trades, callings. Online payment of professional tax in maharashtra 2018 process 1. Maharashtra state tax on professions, trades, callings and employments act, 1975. Analysis of changes in profession tax rules in maharashtra. Remission of interest of the maharashtra state tax on professions, trades, callings and employments act, 1975 84. In fact, epayment is mandatory for those making the payment monthly. Tax reforms in eu member states european commission. Apr 24, 2019 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. Maharashtra sales tax department mstd are started from sap based system. The government of maharashtra further specifies that the area which may be for the time being within the jurisdiction of each of these officers under the bombay sales tax act, 1959 bombay li of 1959, shall also be the area. Professional tax due dates in maharashtra, pt due dates 2020.
Allowances and tax credits targeted at small and mediumsized businesses 50. Professional tax rates for the fy 201920 wealthtechspeaks. How to pay maharashtra professional tax online quora. Pros, cons and sustainabilityoriented criteria to evaluate potential tax candidates. Enrollment certificate every person liable to pay tax under this act other than a person earning salary or wages, in respect of whom the tax is payable he his employer shall obtain a. An act to make provisions for levy and collection of tax on intrastate supply of goods or, services or, both in the state of maharashtra and the. The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. Some state governments including the state of maharashtra have passed a law to improves professional tax on the assessee of professional tax. First published, after having received the assent of the governor in the maharashtra government gazette, on the 18th april 2015.
Professional tax act department of goods and services tax. Steps for professional tax registration is as followi. Updated professional tax rates in maharashtra, latest professional tax rates in maharashtra. Maharashtra industry, trade and investment facilitation. This form of tax was first levied in india in the year 1949 and the power to levy professional tax has been given to the states by way of clause 2 of. There are two type of professional certificate professional tax enrollment certificate and professional tax. What is professional tax in india and slab rate of. Professional tax flow who is liable to register under. Maharashtra professional tax slab rate, latest news. Updated professional tax rates in maharashtra pt tax. Trades, callings and empioymcnts aci, 1975 and the maharashtra tax on. Nonagricultural tax may be withdrawn mumbai hindustan times. Mpsc previous papers and maharashtra psc civil judge, tax. 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.
These rules may be called the maharashtra state tax on professions, trades. Maharashtra is the second largest state in india having an area of 3. Kindly note that epayment of registration fees and deposit under vat and cst acts is to be done on mahavat portal or banks portal. Different states have varying methods of calculating professional tax. Each state declares a slab and the professional tax is deducted on the basis of these slabs. Maharashtra professional tax payment request form new 01. As this tax is a state subject, the rate of profession tax varies from one state to another. Professional tax is the tax by the state governments 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. Download professional tax payment process in maharashtra. According to profession tax act in gujrat, salary private dancer download pdf includes pay or wages. Maharashtra professional tax payment request form new 01 author. An individual earning less than 7,500 or up to 7,500 does not have to pay any professional tax in maharashtra.
Maharashtra state tax on professions, trades, callings and. Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as. Eu taxes as genuine own resource to finance the eu budget. Like other states in india, the maharashtra government also levies professional charges on the income earn from professional sources. Professional tax is a tax levied on the income earned by salaried employees and professionals, including chartered accountants, doctors and lawyers, etc. Maitri maharashtra industry, trade and investment facilitation cell handholding support to more than 25 units with proposed investment of inr,000 crore and proposed employment of 14,632. The maharashtra public service commission issued the notification to select eligible candidates for the 296 tax assistant jobs. For companies whose liability exceeds inr 50,000, the last date is the 31st of march.
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