Professional Tax in Maharashtra

[SAKTI PRASAD MOHAPATRA]

#22170

What’s professional tax in Maharashtra? Is PT calculated based on monthly gross or basic?

[Vineeth Jose]

#22179

Professional tax can be defined as a tax that is levied by a state government on all individuals who earn a living through any medium. For salaried individuals, maharashtra government entrusts the duty of assessing and deducting professional tax to the employers. It varies from state to state and in Maharashtra, income earned by an employee is split in slabs and the amount liable to be paid as professional tax is defined for each slab.

In Maharashtra, professional tax is regulated by the Maharashtra State Tax on Professions, Trades, Callings and Employments. It offers special privileges to women professional tax payers. Any individual who earns above Rs. 7500 per month is liable to pay professional tax in Maharashtra. Women earning salary upto Rs. 10000 are exempt from Professional Tax. Rs. 2500 is the maximum amount that any payer may have to remit in a year as professional.

Professional tax is calculated on the monthly gross salary.

Please check the link below for the Maharashtra Professional tax slab and other details.
https://www.lenvica.com/professional-tax-in-maharashtra-pt-slab/

[Tony Lee]

#22183

Who is liable to pay Profession Tax in the State of Maharashtra? What are the types of Profession Tax payers?

[Steve Alex]

#22187

Any person who is engaged in any profession, Trade, callings and employment in the State of Maharashtra is liable to pay Profession Tax. A person includes Hindu undivided family, firm, company, corporation or other corporate body, any society, club or association.

There are 2 types of Profession Tax payers
a) Profession Tax Enrollment Certificate (PTEC) : Any person engaged in Profession, Trade and Callings and falling under one or the other of the classes mentioned in the second column of Schedule I shall obtained PTEC
b) Profession Tax Registration Certificate (PTRC) : Every employer who has employed even a single employee whose salary is above the prescribed limit for deducting Profession Tax shall obtain PTRC.

[Rahul Amelkar]

#22191

Who is liable to pay Profession Tax? Is it applicable for Maharashtra citizens or anyone working in a company placed in Maharashtra? Is it possible to calculate the Professional tax in Lenvica HRMS Payroll software?

[Nisa]

#22193

Every person engaged actively or otherwise in any profession, trade, callings or employment and falling under one or the other of the clauses mentioned in the second column of Schedule I appended to Profession Tax Act, is liable to pay Profession Tax.

Professional tax is based on the company not based on citizenship.

Lenvica HRMS has a module for Professional Tax. Lenvica HRMS supports fully automated half-yearly PT Calculation for States of Kerala, Tamil Nadu and Pondicherry and monthly PT calculation for the other states in India like Maharashtra, West Bengal, Andhra Pradesh, etc. The Lenvica HRMS payroll software also has many reports on Professional Tax. Professional tax calculated through the payroll software is automatically considered for exemption in Income Tax. Form 16 pulled from Lenvica HRMS Payroll software will have the PT value exempted.

[Hariprasad]

#22195

Hi. I am a freelance technician who earns about Rs.20000 average each month. If my PT type PTEC or PTRC?

[Sujit Manoharan]

#22198

Hi Hariprasad,

There are 2 types of Profession Tax payers
a) Profession Tax Enrollment Certificate (PTEC) : Any person engaged in Profession,
Trade and Callings and falling under one or the other of the classes mentioned in the
second column of Schedule I shall obtained PTEC
b) Profession Tax Registration Certificate (PTRC) : Every employer who has
employed even a single employee whose salary is above the prescribed limit for
deducting Profession Tax shall obtain PTRC.

Your type is PTEC.

[Author]

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