Maharashtra Vat Audit FY 2017-18
October 3, 2018MVAT Security Deposit Refund
October 11, 2018
Professionl Tax Rates
In India there are two types of taxes one is central tax and other is state tax. Central taxes are collected by the central government such tax excise, IGST etc. State Taxes are collected by state government such as LBT , VAT , Professional Tax etc. Professional tax is levied by states on salaried persons and other professionals such as doctors , CA , Inertial Designers etc. Professional tax rate calculations are based on then slab of monthly salaries. Professional tax rate is defined by state government. Each state may have different PT rate.
Professional tax is deducted by the employer on basis of salary range. The Professional tax collected need to be paid by employer on monthly , quarterly or annual basis. Pay professional tax as per rate to state government is duty of employer.
Duties of Employers For Professional Tax
- Make Professional tax calculation
- Deduct tax from salary of employee
- Deposit PT to government
- File Annual / Monthly return of tax payments
- Maintain books of records and challans
Professional Tax Rate in Maharashtra
gProfessional Tax Rate in Maharashtra
Profession tax rate in Maharashtra is defined by state government. Rate of tax is defiled on basis of salary range. Professional tax rate in Maharashtra as below
| Monthly Salary | Professional Tax in Maharashtra |
| Salary < Rs. 7500 | Nil |
| Rs. 7501 to Rs. 10000 | Rs. 175 pm |
| Rs. 10001 & above | Rs. 200 pm and Rs. 300 in February |
Rate of interest on delayed payment
- Interest on late payment of Professional tax Maharashtra is 1.25% PM
- State may impose penalty at 10% of total tax due.
Professional Tax Rate in Karnataka
Profession tax rate in Karnataka is defined by state government. Rate of tax is defiled on basis of salary range. Professional tax rate in Karnataka as below
| Monthly Salary | Professional Tax in Karnataka |
| Less than Rs. 15,000 | Nil |
| Rs. 15,000 & above | Rs. 200 per month |
Refer official website of for Professional Tax Rate in Karnataka.
Professional Tax Rate in Madhya Pradesh
Profession tax rate in Madhya Pradesh is defined by state government. Rate of tax is defiled on basis of salary range. Professional tax rate in Madhya Pradesh as below as per Notification No. 174 dated 31/03/2012 published in the MP Gazette.
| Monthly Salary | Amount payable in Madhya Pradesh |
| Salary < Rs. 12500 | Nil |
| Salary Rs.12500 to Rs. 14999 | Rs. 125 pm |
| Salary Rs. 15000 & above | Rs. 208 from April to Feb & Rs. 212 in March |
Professional Tax Rate in Tamil Nadu
Profession tax rate in Tamil Nadu is defined by state government. Rate of tax is defiled on basis of salary range. Professional tax rate in Tamil Nadu.
| Monthly Salary | Professional tax in Tamil Nadu |
| Salary < Rs. 3500 | Nil |
| Salary Range Rs.3501 to Rs. 5000 | Rs. 16.66 pm |
| Salary Range Rs. 5001 to Rs. 9000 | Rs. 40 |
| Salary Range Rs. 9001 to Rs. 12500 | Rs. 126.67 pm |
| Salary > Rs. 12501 & above | Rs. 182.50 pm |
Professional Tax in Gujarat
Profession tax rate in Gujarat is defined by state government. Rate of tax is defiled on basis of salary range. Professional tax rate in Gujarat.
| Monthly Salary | Professional tax in Gujarat |
| Salary < Rs. 5999 | Nil |
| Salary Range Rs. 6000 to Rs. 8999 | Rs. 80 per month |
| Salary Range Rs. 9000 to Rs. 11999 | Rs. 150 per month |
| Salary Range Rs. 12000 & above | Rs. 200 per month |
Professional Tax in Telangana
Profession Tax Rate In Telangana Is Defined By State Government. As Per Telangana Tax On Professions, Trades, Callings And Employments Act, 1987 Rate of tax is defiled on basis of salary range. Professional tax rate in Telangana.
| Monthly Salary | Profession Tax in Telangana |
| Salary < Rs. 15000 | Nil |
| Salary Range Rs. 15001 to Rs. 20000 | Rs. 150 per month |
| Salary > Rs. 20000 | Rs. 200 per month |
Professional Tax rate in West Bengal
Profession Tax Rate In West Bengal Is Defined By State Government. As Per Telangana Tax On Professions, Trades, Callings And Employments Act, 1987 Rate of tax is defiled on basis of salary range. Professional tax rate in West Bengal.
| Monthly Gross Salary | Professional Tax in West Bengal |
| Up to Rs 8,500/- | Nil |
| Rs 8,501-Rs 10,000/- | Rs 90 |
| Rs 10,001-Rs 15,000/- | Rs 110 |
| Rs 15,001-Rs 25,000/- | Rs 130 |
| Rs 25,001-Rs 40,000/- | Rs 150 |
| Above Rs 40,001/- | Rs 200 |
