Professional tax rates in maharashtra
WebbThose entities are having a tax liability of less than Rs. 1,00000 in the previous year are required to file a tax return annually on or before the 31st of March. Maharashtra Professional Tax Rate Notification No. PFT-2024/C.R.8/Taxation-3 is reproduced below for reference: Page 1 / 3 Zoom 100% Person Responsible to Deduct Professional Tax Webb9 apr. 2024 · The slab rates differ from state to state. For the illustration purpose, we have taken Andhra Pradesh for the Professional Tax rates-. Gross income up to INR 15, 000 there will be no tax. For INR 15,001 to INR 20,000, it is INR 150 per month. For INR 20,001 and above, it is INR 200 per month.
Professional tax rates in maharashtra
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Webb1 apr. 2024 · The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (Profession Tax Act) applies to whole of State of Maharashtra and has come into operation from 1-4-1975. The Tax is levied and collected subject to the provisions of Article 276 of the Constitution of India for the benefit of the State. II. Webb30 jan. 2024 · Updated: 30-01-2024 09:44:32 AM Self-employed, salaried individuals and companies are liable to pay profession tax on their income in Maharashtra. The profession tax slab rates are decided by the state government with an upper cap of Rs. 2500 per annum. If you are a salaried individual, the profession tax will be automatically deducted …
WebbProfessional tax is one of the two taxes levied by the state government of Maharashtra. It is an income tax levied on professionals. The other is vat. A consumption tax levied on the sale of goods and services. The professional tax is a flat-rate tax, and it is paid annually based on turnover made during the year. Webb17 maj 2024 · In Maharashtra, for example, the penalty for late registration is Rs 5 per day. There is also 1.25% monthly interest for late payment, a 10% penalty on the tax amount …
Webb31 mars 2024 · Here is the revised Maharashtra Profession tax slab rate : Sr No. Class of Persons. Rate of Tax per month. 1. A) Salary & wages earners whose monthly salaries or … WebbThe Professional tax Slab rates in Maharashtra on Salary/Wage earners for Male and Female are as follows: Professional Tax in Manipur Manipur levies the Professional tax …
WebbMaharashtra: 10,000 and above: 200 (300 for February) Odisha: 20,000 and above: 200: Chhattisgarh: 25,000 and above: 200: Madhya Pradesh: 15,000 and above: 212: ... Non-payment or delay in payment of professional tax results in interest rate by the government. Hence, it is advisable to calculate the taxes and get prepared in advance in order to ...
WebbFör 1 dag sedan · Maharashtra Professional Tax Slab Rate. Salaried, self-employed individuals, and companies in Maharashtra are levied with professional taxes on their … is benadryl used for insomniaWebbRates of Goods under GST / (3.25 MB) 5 : Rates of services under GST / (1.47 MB) 6 : RATE SCHEDULES UNDER THE LUXURY TAX ACT,1987 / (114.62 KB) 7 : Rate Schedule under the MAHARASHTRA VALUE ADDED TAX (MVAT) ACT - 2002, Up to 30.06.2024. / (708.57 KB) 8 : The Maharashtra Tax On Entry Of Motor Vehicles into Local Areas Act,1987 oneka ridge gc white bear lake mnWebb7 aug. 2024 · PTax Professional Tax Calculation formula in Excel Add Ins Free Download. August 7, 2024 August 7, 2024 ajit.yadav Professional Tax (P.Tax) ... Loan rate (1) Log book (1) Maharashtra (2) Minimum Wage (15) ... oneka shampoo and conditionerWebb11 mars 2024 · Currently, employed women must pay professional tax if their monthly wage exceeds Rs. 10,000. It is recommended that this threshold be raised to Rs. 25,000 … one kathryn otoshi lesson planWebbGovt of Maharashtra notifies Maharashtra State Tax on Professions, Trades, Callings, and Employments (Amendment) Bill, 2024 to notify changes in Profession Tax Rates w.e.f. 01.04.2024. One notable change is that bill exempts the professional tax payable by the women who draw the monthly salary or wages up to rupees twenty-five thousand w.e.f. … one katha is how many square feetWebbProfessional tax is a direct tax that is deducted from your gross salary by your employer. This tax is levied by the state government and thus can vary depending on the state you live in. The maximum limit of which you can be charged is Rs 2500. The tax is calculated based on the slabs. Each state can have different salary slab rates for the ... one kathryn otoshiWebbProfessional Tax Rate or P. tax Slab rates in West Bengal for FY 2024-23 is mentioned in West Bengal Professional Tax Schedule specifying the rate at which the professional tax will be paid. 1. Employer - It is required to deduct P. Tax from Salary or Wages at the rate mentioned below. Monthly Gross Salary. (P. Tax Amount) Up to Rs. 10,000/-. Nil. onekawarx yourcommunitypharmacy.co.nz