Professional Tax in Maharashtra Download Professional Tax in Maharashtra PDF Format For Free
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If you live in Maharashtra and earn more than Rs. 7500, you may need to pay professional tax, which is required for salaried employees, business professionals, and self-employed individuals in about 17 states in India.
Many people need clarification on whether this tax applies only to professionals, but it is different. An earning individual who meets the Maharashtra state government’s eligibility criteria for professional tax has to pay it.
Professional Tax Slab Rates in Maharashtra
Unlike other states, Maharashtra’s professional tax slab is unique, as it has separate slabs for male and female taxpayers. The table below shows Maharashtra’s slab system.
| Sr No. | Income range | Payable tax amount | Taxpayers |
|---|---|---|---|
| 1 | Up to ₹7,500 | Nil | Nil for Male Employees |
| 2 | Between ₹7,501 to ₹10,000 | ₹175 | For Male Employees |
| 3 | More than ₹10,000 | ₹200 | For Male Employees |
| 4 | More than ₹10,000 | ₹300 | Deducted only for male employees in February by their employer. |
| 5 | Up to ₹25,000 | Nil | Nil for female employees |
| 6 | Above ₹25,000 | ₹200 | For female employees |
| 7 | Above ₹25,000 | ₹300 | Deducted only for female employees in February by their employer. |
Maharashtra Professional Tax Act
Indian constitutional law Article 276 clearly states the rules and guidelines for collecting taxes from any individual or organization. A revenue-generating person from an employer or business should know the professional tax the Maharashtra government levies in the Maharashtra State GST Act, 1975.
The Indian government has set the maximum professional tax that any state can collect from an individual at Rs. 2500. Although the state government collects this tax, the maximum payable tax is declared by the central government.
How Do You Register for Professional Tax in Maharashtra?
Employees who deduct professional tax from their salaries and individuals who generate income from any business must register for professional tax on the government’s official website.
The Documents Required
- 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.
The Eligibility Criteria For Paying Professional Tax in Maharashtra
The amount of professional tax in Maharashtra varies for males and females. The general eligibility criteria for tax payment are mentioned below.
- Individuals who are residents of Maharashtra and generate revenue.
- Hindu Undivided Families
- Company
- Organization having employees
- Cooperative society
- Association of person.
Maharashtra Professional Tax Exemption
Every earning individual should know the eligibility for paying the professional tax. This crucial understanding protect the individuals from paying a penalty for not paying the tax.
The people mentioned below are exempt from paying tax.
- Senior citizens who are more than 65 years old.
- Earning individuals who have physically challenged children
- Earning individuals having more than 40% disability
- Badli workers of the textile industry.
- Penalty For Not Paying Tax
- Taxes are always penalized if one fails to pay or pays them after the due date. Likewise, professional taxes are punished if the taxpayers fail to pay them on time, pay for a short time, and provide false documents.
- Penalty rate
- It is 1.25% for individual taxpayers for every non-paying month.
- It is 2% for employers for every non-paying month.
Conclusion
Tax is the prime source of income for the state to generate more significant revenue, which in turn is used for public welfare. As an individual earning in Maharashtra, everyone has to pay professional tax. It is the responsibility of individuals and employers to pay the government tax.
Knowing eligibility and exemption is very important when paying the tax with a stipulated amount every month. The unpaid tax paid after the due date is subject to payment with a penalty. The unique criterion of Maharashtra’s professional tax-paying system is its separate tax-paying slabs for males and females.
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Frequently Asked Question
1. What Is the Due Date for Paying Tax in Maharashtra?
Individuals or business professionals registering before May 31 must pay before June 31. Individuals or business professionals who register after May 31 only get one month to pay the tax on or before June 31.
2. Is It Compulsory to Pay Taxes?
Paying corporate tax to the state government is compulsory. The state levies a tax on earning individuals or business professionals. If one fails to pay the tax, he or she is subject to a penalty corresponding to the months in which the tax is not paid.
3. How to Pay Tax in Maharashtra?
The Maharashtra government has a Sales Tax Portal where one can register and pay the tax online. Registration requires certain documents to get a registered number. Using the number, one can pay his or her professional tax.
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