Introduction
Professional Tax Slab in Maharashtra 2018-19 is a tax levied by the state government on the income of professionals and businessmen. It is applicable to all individuals who are engaged in any profession, trade, calling or employment in the state of Maharashtra. The tax is collected by the state government and is used to fund various government projects and initiatives. The tax slab for 2018-19 has been revised and the new rates are applicable from 1st April 2018. The tax slab is divided into three categories based on the income of the individual. The tax rate for each category is different and the amount of tax payable depends on the income of the individual. This article provides an overview of the Professional Tax Slab in Maharashtra 2018-19.
Professional Tax Slab In Maharashtra 2018-19
For Individuals:
Monthly Salary Tax Rate
Up to Rs.2,500 Nil
Rs.2,501 to Rs.5,000 Rs.175
Rs.5,001 to Rs.10,000 Rs.225
Above Rs.10,000 Rs.300
As per the Maharashtra state tax on professions, trades, calling and employment act 1975 every working professional and self-employed professionals like lawyers, doctors and chartered accountants etc need to pay professional tax to the state government. Professional tax in Maharashtra is applicable to the employees whose monthly salary is 7501 Rs or more than it.
As per the latest professional tax slab in Maharashtra 2018-19 there is no need to pay professional tax up to a salary of 7500 Rs, from 7501 Rs to 10000 Rs there is a professional tax of 175 Rs and for above 10000 Rs there is a professional tax of 200 Rs & 300 Rs (in Feb only).
Professional Tax Slab In Maharashtra 2018-19:
Women employee whose monthly salary is below 10000 Rs are exempted from professional tax payment.
Due date for payment of professional tax in Maharashtra 2018-19:
The last date for professional tax payment in Maharashtra varies in Two cases:
- Companies whose annual professional tax liability is more than 50000 Rs in the previous year has to pay PT payments annually by the end of 31 March of next year.
- Companies whose annual professional tax liability is less than 50000 Rs in the previous year has to pay PT payments monthly, by the end of next month of salary month.
Note: In case of the first year of PT registration, PT payments have to be done monthly by the end of the next month of salary month.
How to make online payment of professional tax in Maharashtra:
We need to enter TIN, PAN or TAN of employers or employee to make the PT payment.
After entering all the details enter the captcha and click on Next. Now select PTRC from the drop-down menu and select other required details and proceed to make PT payment.
You may also like: State-wise professional tax slab rates in India
Penalty for late payment of professional tax in Maharashtra 2018-19:
Professional Tax Slab In Maharashtra 2018-19
Professional Tax is a tax levied by the State Government on the income earned by way of profession, trade, calling and employment. In Maharashtra, the Professional Tax is levied under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. The tax is collected by the Labour Department of the State Government.
Professional Tax Slab Rates in Maharashtra 2018-19
The Professional Tax slab rates in Maharashtra for the Financial Year 2018-19 are as follows:
- For income up to Rs. 10,000 per month, the tax rate is Rs. 200 per annum.
- For income between Rs. 10,001 and Rs. 20,000 per month, the tax rate is Rs. 300 per annum.
- For income between Rs. 20,001 and Rs. 30,000 per month, the tax rate is Rs. 400 per annum.
- For income between Rs. 30,001 and Rs. 50,000 per month, the tax rate is Rs. 500 per annum.
- For income above Rs. 50,000 per month, the tax rate is Rs. 600 per annum.
The Professional Tax is deducted from the salary of the employees by the employer and is paid to the Government. The employer is also liable to pay the Professional Tax on behalf of the employees.
