Description

THE MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACTS, 1975. As per section 2(h) of the Act 'salary' or 'wage' includes pay or wages, dearness allowance and all other remunerations received by any person on regular basis, whether payable in cash or kind, and also includes perquisites and profits in lieu of salary, as defined in section 17 of the Income-tax Act, 1961, [but does not include bonus in any form, and on any account or gratuity] From 01-04-2015 to 31-03-2023 Profession tax rate in Maharashtra are as follows: Monthly Salary (i) upto ₹7500 (Nil) (ii) ₹7501-10000 Male (₹175 per month) (iii) upto ₹10000 Women (Nil) (iv) Above ₹10001 (₹2500 per annum to be paid as ₹300 for Feb and ₹200 per month for the rest of the months) From 01-04-2023 onwards Profession tax rate in Maharashtra are as follows: In the case of men Monthly Salary (i) upto ₹7500 (Nil) (ii) ₹7501-10000 (₹175 per month) (iii) Above ₹10001 (₹2500 per annum to be paid as ₹300 for Feb and ₹200 per month for the rest of the months) In the case of women Monthly Salary (i) upto ₹25000 (Nil) (ii) Above ₹25001 (₹2500 per annum to be paid as ₹300 for Feb and ₹200 per month for the rest of the months) Profession Tax Liability to file return and payment of tax w.e.f. 01-04-2011 (A) In case of First Year Periodicity monthly for payment-cum-filing of return due date being last date of the month to which the return relates (B) In case of subsequent year (i) If tax laibility less than ₹ 100000 (w.e.f 06-06-2019) during the previous year periodicity yearly for payment-cum-filing of return due date being 31st March (ii) If tax liability more than ₹ 100000 (w.e.f 06-06-2019) during the previous year periodicity monthly for payment-cum-filing of return due date being last date of the month to which the return relates.