2024 Professional tax of maharashtra

Professional tax of maharashtra

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WebbIt is a nominal tax and never exceeds a few hundred rupees a month. The maximum amount of Professional Tax that any state can impose in India is ₹2500. Further, the total amount of Professional Tax paid during the year is allowed as a deduction under the Income Tax Act. The objective of this article is to provide a broad overview of the ... Webb31 mars 2024 · Professional tax is a source of revenue for state governments, helping implement schemes for the welfare and development of the region. Professional Tax Payment Due Date of payment in Maharashtra In the case of tax liability of less than ₹50,000 in the previous year, the due date for payment of professional tax (PT) is 31 …

Professional Tax Due Dates in Maharashtra, PT Due …

Webb21 sep. 2024 · Introduced in 1949, professional tax is a direct tax deducted from earning individuals’ salary or wages by the employer. Just like in any other deductions, such as tax deducted at source... Webb4 rader · 13 mars 2024 · Maharashtra Professional Tax Late Payment Penalty. A penalty of 1.25% tax is payable for ... linked inbound limited

What Is the Due Date for Payment of Professional Tax? - Vakil …

Webb31 mars 2024 · Maharashtra government vide L.A. Bill No. XIII of 2024 Dated 20th March 2024 revised profession tax slab for salary and wage earners to give effect to the budget proposal. According to this notification there will no profession tax on women employees earning salary & wages up to Rs. 25000/- per month. Webb27 okt. 2024 · For example, the following information outlines the penalty amount imposed by the Maharashtra Government for late filing or failure to pay Professional Tax in Maharashtra. late registration incurs a penalty of Rs 5 per day, late payment incurs interest of 1.25 percent per month. Late/non-payment of Professional Tax incurs a penalty of … WebbProfessional Tax in India: Know more about what is professional tax, slab rates, how to pay, due dates, ... Working professional in Maharashtra ₹20000 ₹200 for 11 months + ₹300 in February. State. Yearly Professional Tax. Working professional in Gujarat ₹2400. linked inbound sam rathling

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How to Download PTRC Challan? Receipt PDF & Online Payment!

WebbGovernment of India has introduced Professional Tax in Tamil Nadu Region as per notification circulated to all industries, from Tamil Nadu Government for Revised Professional tax effective from 1st of April 2024. Sl.No. Average Half-Yearly Income Half yearly Profession Tax prior to 01.10.2008 Half yearly Profession Tax w.e.f. 01.04.2024. … WebbThe Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. Form of Authority to attend before any Profession Tax Authority. PTRC e-Return … hot wiring a kiaWebbRegarding professional tax payment, For company own existence and getting engaged in the business/profession, the company will have to obtain PTE no. and pay Rs. 2500 annually. For directors, if they are being paid salary and not professional fees, the company will have to obtain PTR no. and deduct Rs.200 per month ( Rs.300 for February month ... hot wisconsin volleyball players

"Webb11 sep. 2024 · To register for the tax in Maharashtra follow these simple steps: Step 1: Open government website Firstly, open the website of the Department of Goods and Tax, Maharashtra. Step 2: Select ‘Login for e-Services’ Secondly, under the ‘Login for e-Services’ option, click on ‘VAT and allied acts’. Step 3: Log in to your profile " - Professional tax of maharashtra

Professional tax of maharashtra

PTEC-PTRC Combined Payment in Maharashtra - IndiaFilings

Webb31 mars 2024 · The rate of Profession Tax in Maharashtra varies depending on the income earned by an individual. The tax is levied on a monthly or yearly basis, as per the … Webb18 feb. 2024 · Exempted Individuals In Maharashtra From Professional Tax. The Person exempted from the provisions of the Profession Tax Act in Maharashtra: a) Senior Citizen (Age Above 65 Years) b) Handicapped Person with more than 40 % disability or parent of a physically disabled or mentally retarded child.

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WebbOne can complete the professional tax payment in Maharashtra by following the steps mentioned below. Step 1: Visit the official website of the Maharashtra GST Department. … Webb16 juli 2024 · Payment of professional tax in Maharashtra can be done quickly on the Mahavat website. In fact, e-payment is mandatory for those making the payment monthly. You are required to make payment and file returns monthly if your tax liability is over Rs. 50,000 for the year.

Webb1 mars 2024 · Professional Tax Due Dates in Maharashtra: Tax Calendar under Profession Tax Act 1975. Check Various Due Dates Maharashtra Professional Tax. Like other states in India, the Maharashtra … WebbThe calculation of salary for Maharashtra Professional tax includes the primary, special allowance, dearness allowance, bonus, and extra income (arrears, leave surrender, etc. if …

Webb12 apr. 2024 · How to Pay Maharashtra Professional Tax Online? By taking the steps listed below, one can complete the Maharashtra professional tax payment. Step 1: Go to the Maharashtra GST Department's official website.. Step 2: Simply press on ‘e-Payments’ and choose the appropriate option based on the professional tax payment status.. Step 3: … Webb25 maj 2024 · The professional tax is determined by the gross monthly income corresponding to the income slab, as per the state where you are employed. So, if your gross income every month is Rs. 30,000 and you are working in Maharashtra, you are liable to pay Rs. 200 every month except February. You will be required to pay Rs. 300 only in …

WebbThe Maharashtra Government has introduced new e-payment payment system of PTRC and PTEC together through its official webpage. To make the payment of Maharashtra Professional Tax, every taxpayer has to obtain a certificate of registration such as Professional Tax Registration Certificate (PTRC) and Professional Tax Enrollment …

WebbProfessional tax is a deduction that is deducted from your gross salary by your employer along with TDS, EPF and any other deduction. ... Professional Tax in Maharashtra. Salary per month: Tax: Till Rs.7,500 (men) NA: Till Rs.10,000 (women) NA: Rs.7,501 to Rs.10,000: Rs. 175: Rs.10,000+ linkedin boyd\u0027s capital connectionsWebbProfessional Tax Calculator and Tax Rates for for States and Union Territories in India Viz AP, Assam, Bihar, Chhattisgarh, ... Profession Tax Rates, Maharashtra. Monthly salaries or wages Tax Rate Upto ₹ 7,500: Nil ₹ 7,501 to 10,000: 175 per month (Nil for women, Exemption upto Rs.10,000) hot wisconsin volleyballWebb1 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. linked inboxes windows 10 mail appWebbThe state of Maharashtra government notified the bill of Maharashtra tax on Professional, Trade, Calling and Employment (Amendment), 2024 on 20th March 2024 to Maharashtra Tax on Profession, Trade, Callings and Employments Act, 1975 (XVI of 1975). Which comes into effect from the date of 1st April 2024. linked inbox mail windows 10Webb8 mars 2024 · REGISTRATION OF PTRC (PROFESSION TAX REGISTRATION CERTIFICATE) AND . PTEC (PROFESSION TAX ENROLLMENT CERTIFICATE) IN MAHARASHTRA. TO WHOM APPLICABLE: PROFESSION TAX ENROLLMENT CERTIFICATE (PTEC): A person (natural / legal) registered under MGST Act is liable to enrol for Profession Tax … hot wishesWebb11 apr. 2024 · The maximum amount of professional tax that can be levied in a year is Rs 2500. Q - What is the benefit of professional tax? Professional tax actually paid during the year is allowed as a deduction from salary subject to … linkedin brainfactoryWebb🔵 Professional Tax Annual Return Maharashtra online My HR Lesson 4.78K subscribers Subscribe 33K views 2 years ago Professional Tax In this video, you will learn how to file … hot witch model blender