Professional tax maharashtra slab 2023-24

Maharashtra Professional Tax slab changes – 2023 Maharashtra has revised its Professional tax slabs w.e.f 1st April 2023. In his article, we will cover all the changes made. Profession Tax is levied on salaried and self-employed individuals who earn income working in the private sector or the government sector, in various states in India. It is subject to a minimum limit of income and charges differ as per the applicable slab rates of the states. Note: Senior citizens and handicapped persons with more than 40% physical or mental disability are exempted from paying Professional tax in Maharashtra. How can one pay Professional Tax in Maharashtra For a salaried person The professional tax for a salaried person is deducted directly by the employer and deposited with the municipal corporation. For non-salaried individual Non-salaried or self-employed individuals can pay the Professional tax directly to the government via tax collection centres or through PT online portal. New changes in the Professional Tax slab in the year 2023 Major changes in the tax slab this year have been made towards the tax slabs of women. As per the notified schedule of the amended professional tax act, the limit for deducting professional tax has been increased from Rs 10,000 to Rs 25,000 for female employees. Female salaried employees who earn a salary between Rs 10,000 to Rs 25,000 will earn an additional Rs 2,500 annually from April 1, 2023. This means that there will be no more professional tax de...

Greeting From The Anubha Hr Management Consultancy Services !! Respected All HR Professional of Maharashtra State. Here in i am attaching the Professional Tax Amendment Establishment Comes under Maharashtra state Their in the changes has made as under in case of women employees whose salary or wages 1)do not exceed Rs.25,000/- Nil Earlier the slab was Rs.10,000/- 2)Exceed Rs.25,000/- Rs.200/- Except for the month of Feb Rs.300/- Total 11*200=2200+1*300=300 (Rs.2500/-) Thanks & Regards Mr.Ujjwal Patil Anubha HR Management Consultancy Services Pune [email protected] 31st March 2023 From India, Mumbai Attached Files (Download Requires Membership)

Income tax slab: The Finance Minister made changes in the income tax slabs under the new tax regime. The changes announced in the income tax slabs under the new tax regime is applicable for incomes earned in current the FY 2023-24, starting from April 1, 2023. Know what are the new income tax slabs under the new tax regime from FY 2023-24 and how they are different from existing ones. 02 Jun, 2023, 02:02 PM IST Income tax slabs FY 2023-24: Here are the income tax slabs for the current FY 2023-24 under new and old tax regimes. Currently, there are two income tax regimes from which a salaried individual has to choose one every year. The old income tax regime continues with existing tax exemptions and deductions. The new income tax regime offers lower income tax rates with no option of availing certain tax exemptions and deductions. 29 May, 2023, 03:58 PM IST Budget 2023 has announced many changes under the Income-tax Act, 1961. These changes have brought forward the tax planning exercise from the end of the financial year to the start of the financial year i.e., in April. Here's why you need to carefully evaluate the two income tax regimes now and how to go about it. 16 May, 2023, 04:50 PM IST There are no major changes in the ITR forms notified by the government. The income tax return forms will differ for taxpayers depending on their source of income. This year, the government notified the forms almost two months earlier than usual. Usually, the forms are notified at the e...

State Governments levy Professional Tax (PT) on all types of professions, trade and employment based on the income slab. Article 246 of the Constitution of India 1949, empowers the Parliament to introduce laws governing taxes on income. Whereas, Article 276 empowers State to levy professional tax on professions, trades, callings & employment. Even though States are empowered to impose Professional Tax, not all States impose such tax. Professional Tax may be levied up to maximum of Rs 2,500/- on any individual or entity in a Financial Year. Professional Tax being a state subject, State-wise Professional Tax Rates for Financial Year 2023-24 varies from State to State. PT Enrolment & Registration: Guidelines Professional Tax is levied by the State Government and is deducted from the Gross Salary by the employer. Since, Professional Tax is levied by the respective State, the tax rate varies from State to State. Moreover, not all state levies the Professional Tax. State-wise Professional Tax for Financial Year 2023-24 helps us to understand the tax implication in the respective State. Professional Tax deduction is allowed under the old tax regime but not under the new tax regime. State-wise Professional Tax Rates for Financial Year 2023-24 Andhra Pradesh Professional Tax Slab & Rates for Financial Year 2023-24 Assam Professional Tax Slab & Rates for Financial Year 2023-24 Bihar Professional Tax Slab & Rates for Financial Year 2023-24 Goa Professional Tax Slab & Rates for Financ...

The Maharashtra State Tax On Professions, Trades, Callings And Employments Rules, 1975 Applicability A person or employer by whom tax is payable under this Act Exemption A person above 65 Years of age, tax is not required to be paid under this Act Registration Form Registration Process Online List Of Documents For Registration Memorandum Of Association and Incorporation Certificate Articles Of Association PAN Card Lease Agreement Bank Details with Cancel Cheque Employer Address Proof and ID Proof Email address and Phone Number 2500/- for Enrollment Fees List of employees with Gross Salary Website Professional Rates Salary (INR) PT Amount Remarks Upto 7500 ₹ 0.00 Nil for Male Employees Between 7501 To 10000 ₹ 175.00 For Male Employees Above 10000 ₹ 200.00 For Male Employees Above 10000 ₹ 300.00 Employer has to deduct on February month only for Male Employees Upto 25000 ₹ 0.00 Nil for Female Employees Above 25000 ₹ 200.00 For Female Employees Above 25000 ₹ 300.00 Employer has to deduct on February month only for Female Employees Filing Of Returns Task Last Date Of Filing Returns Form Annual Returns Every year(s) on day 31 of March Monthly Return Every month on last day

In this post, we will see the latest update of Professional tax Maharashtra 2023-24 The state of Maharashtra government notified the bill of Maharashtra tax on Professional, Trade, Calling and Employment (Amendment), 2023 on 20th March 2023 to Maharashtra Tax on Profession, Trade, Callings and Employments Act, 1975 (XVI of 1975). Which comes into effect from the date of 1st April 2023. As per the notified amendment of schedule I of Maharashtra Professional Tax rate has been substituted and the limit to deduction increased, namely – For Men and Women whose monthly salary or wages are as follow – Male Monthly Salary Amount payable in Maharashtra Monthly Remarks Less than Rs.7500 Nil Nil Rs.7501 to Rs.10000 Rs.175 per month Nil Rs.10,001 and above Rs.200 per month In February deduct Rs.300/- Female Monthly Salary Amount payable in Maharashtra Monthly Remarks Up to 25,000 NIL Nil 25,001 & Above 200 In February deduct Rs.300/- Get to know more details about Professional Tax Maharashtra 2023-24, Related Posts PT Rate for different states Karnataka Professional Tax 2023-24 Sometimes, managing payroll is tough. There are so many moving pieces and multiple perspectives to think about. From managing employees to ensuring compliance, from syncing attendance with payroll to generating payslip and depositing salary in bank, payroll processing can be a handful job. With Saral PayPack, we provide you with the software and support that ties all these individual activities together so it w...