The states in India revise their professional tax rates for every financial year. Likewise, the Government of Maharashtra of also revised its professional tax slab rates for the financial year 2014-15. Mentioned below are the professional tax slab rates applicable for salaried and self-employed professionals in Maharashtra.
| Monthly Gross Salary | Amount Payable as Professional Tax |
|---|---|
| Up to Rs.7500 | Nil |
| Rs. 1000 to Rs.10000 | Rs. 175 per month |
| Above Rs. 10000 | Rs. 2,500 p.a. The amount is can be paid in the following manner:
|
Maharashtra Professional Tax Slab Rate 2015-16:
The Government of Maharashtra of also revised its professional tax slab rates for the financial year 2015-16. It offers special privileges for women professional tax payers. A woman whose monthly income is Rs.1000 of less than Rs.1000, she is exempted from paying professional tax in Maharashtra. The professional tax deducted by the Maharashtra Government is subject to the minimum income level of an individual. An individual earning less than 7,500 or up to 7,500 does not have to pay any professional tax in Maharashtra.
Listed below are revised slab rates of professional tax in Maharashtra:
| Monthly Gross Salary | Amount Payable as Professional Tax |
|---|---|
| Up to Rs. 7,500 | Nil |
| Rs 7,501-Rs 10,000 | Rs. 175 |
| Above Rs. 10,000 | 2,500 p.a. The payment is accepted in the following method:
|
Professional Tax in Maharashtra Penalty:
The Maharashtra Government charges penalty under the following circumstances:
- Delay in enrolling for professional tax
- Providing inaccurate information while enrolling for professional tax.
- Failure to pay professional tax within due date.
Professional Tax in India:
Professional Tax is a kind of tax charged by various State Governments. The tax is charged on the income earned by individuals who are engaged in various professions. Professional tax came into existence in 1949 when the government of India entrusted the responsibility of collecting professional tax to the states as per the Article 276, Clause 2 of the Indian Constitution. Professional tax is almost similar with Income Tax. The only difference is professional tax is charged by the State Government while Income Tax is charged by the Central Government.
