Profession tax rates in Maharashtra

-

Schedule of Rates of Tax on Professions, Trades, Callings and Employments in Maharashtra:-

Rates of tax on Professions in Maharashtra

To whom professional tax applicable in Maharashtra? 
As per The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, following class of persons are required to take registration under the Act and has to pay profession tax every year. 
Sr.
Class of Persons
Rate of Tax
1/4/2015 on-wards

1.
Salary and Wage earners-Such persons whose monthly salaries or wages :-

(a)   do not exceed rupees 7,500;
Nil
(b)(i) In case of male, exceed Rs. 7,500 but do not exceed rupees 10,000;
175 per month
(b)(ii) In case of female, do not exceed Rs 10,000;
Nil
(c) Exceeds Rs 10,000/-
2,500 per annum to be paid in following manner
(a) Rs 200 per month except for the month of February
(b)Rs 300 for the month of February




01/04/2017 onward

1A
Persons as notified under Section 4B
2,500 per annum


2
1/4/2006 Onwards

(a)   Legal Practitioners including Solicitor and Notaries;
(b) Medical Practitioner including Medical Consultants and Dentists;
(c) Technical and Professional Consultants, including Architects, Engineers, R.C.C. Consultants, Tax Consultants, Chartered Accountants, Actuaries and Management Consultants
(d) Chief Agents, Principal Agents, Insurance Agents and Surveyors and Loss Assessors registered or licensed under the Insurance Act 1938, U.T.I. Agents under U.T.I. Scheme, N.S.S.Agents under Postal Scheme;
(e) Commission Agents, Dalals and Brokers (other than estate brokers covered by any other entry elsewhere in this
(f) All types of Contractors (other than building contractors covered by any other entry elsewhere in this
(g)Diamond dressers and diamond polishers, having not less than one year's standing in the profession.
2,500 per annum
3
(a) Member of Association recognised under the Forward Contracts (Regulation) Act 1952 (74 of 1952)
2, 500 per annum
(b) (i)member of Stock Exchanges recognised under the Security Contracts (Regulation) Act, 1956 (42 of 1956)
(ii)Remisiers recognised by the Stock Exchange;
2, 500 per annum
4
(a) Building Contractors
(b) Estate Agents, Brokers or Plumbers, having not less than one year's standing in the profession
2, 500 per annum
5
Directors (other than those nominated by Government) of Companies Registered under the Companies Act 1956 (1 of 1956) and Banking companies as defined in the Banking Regulation Act, 1949 (10 of1949)
Explanation: The term 'Directors' for the purpose of this entry will not include the person who are Directors of the Companies whose registered offices are situated outside the State of Maharashtra and who are not residing in the State of Maharashtra
2, 500 per annum
6
(a) Bookmakers and Trainers licensed by the Royal Western India Turf Club Limited;
(b) Jockeys licensed by the said club
2, 500 per annum
7
Self Employed persons in the Motion Picture Industry, Theatre, Orchestra, Television, Modelling or Advertising Industries, as follows :-
(a) Writers, Lyricists, Directors, Actors and Actresses (excluding Junior    Artists), Musicians, Playback Singers, Cameramen, Recordist, Editors and Still-Photographers;
2, 500 per annum
(b)Junior Artists, Production Managers, Assistant Directors, Assistant Recordists, Assistant Editors and Dancers.
1,000 per annum
8
Dealers registered under the Maharashtra Value Added Tax Act, 2002
(Mah. IX of 2005) or Dealers registered only under the Central Sales Tax Act, 1956 (74 of 1956), whose annual turnover of sales or purchases, -
(i) is rupees 25 lakh or less
(ii) exceeds rupees 25 lakh
2, 500 per annum
9
Occupiers of Factories as defined in the Factories Act, 1948 (63 of
1948), who are not covered by entry 8 above.
2, 500 per annum
10
(1) (A) Employers of establishments as defined in the Bombay Shops and     Establishments Act, 1948 (Bom. LXXIX of 1948) where their  establishments  are situated within an area to which the aforesaid Act applied, and who are not covered by entry 8-Such employers of establishments-
(a) Where no employee is employed



1,000 per annum
(b) Where not exceeding two employees are employed
2, 000 per annum
(c) Where more than two employees are employed
2,500 per annum
(B) Employers of establishments as defined in the Bombay Shops and Establishments Act, 1948 (Bom. LXXIX of 1948) where their establishments are not situated within an area to which the aforesaid Act applied, and who are not covered by entry 8-Such employers of establishments, -
(a) Where no employee is employed


500 per annum
(b) Where not exceeding two employees are employed
1,000 per annum
(c) Where more than two employees are employed
2,500 per annum
(2) Persons owning / running STD / ISD booths or Cyber Cafes, other than those owned or run by Government or by physically handicapped persons
1,000 per annum
(3) Conductors of Video or Audio Parlours, Video or Audio Cassette Libraries, Video Game Parlours;
(4)  Cable Operators, Film Distributors;
(5) Persons owning / running marriage halls, conference halls, beauty parlours, health centres, pool parlours;
(6) Persons running / conducting coaching classes of all types.
2,500 per annum
11
Owners or Lessees of Petrol / Diesels / Oil Pumps and Service Stations / Garages and Workshops of Automobiles.
2,500 per annum
12
Licensed Foreign Liquor Vendors and employers of Residential Hotels and Theatres as defined in the Bombay Shops and Establishments Act, 1948 (Bom LXXIX of 1948)
2,500 per annum
13
Holders of Permits for Transport Vehicles granted under the Motor Vehicles Act, 1988 (59 of 1988), which are used or adopted to be used for hire or reward, where any such person holds permit or permits for,-
(a) three wheeler goods vehicles, for each such vehicle;
 750 per annum
(b)any taxi, passenger car, for each such vehicle;
1,000 per annum
(c)(i)goods vehicles other than those covered by (a)
(ii)trucks or buses for each such vehicle;
Provided that the total tax payable by a holder under this entry shall not exceed rupees 2,500 per annum.
1,500 per annum
14
Money-lenders licensed under the Bombay Money-lenders Act, 1946
(Bom XXXI of 1947).
2,500 per annum
15
Individuals or Institutions conducting Chit Funds
2,500 per annum
16
Co-operative Societies registered or deemed to be registered under the Maharashtra Co-operative Societies Act, 1960, and engaged in any profession, trade or calling, -
(i) State Level Societies
(ii) Co-operative sugar factories and spinning Mills.


2,500 per annum
(iii) District Level Societies
750 per annum
(iv) Handloom Weavers Co-operative Societies;
500 per annum
(v) All other Co-operative Societies not covered by clauses (i), (ii), (iii) and (iv) above.
750 per annum
17
Banking companies, as defined in the Banking Regulation Act, 1949 (10 of 1949)
2,500 per annum
18
Companies registered under the Companies Act, 1956 (1 of 1956) and engaged in any profession, trade or calling.
2,500 per annum
18A
Limited liability partnership, registered under LLP Act
2,500 per annum
19
Each Partner of a firm (whether registered or not under the Indian Partnership Act,1932) engaged in any profession, trade or calling.
Each partners of LLP
2,500 per annum
20
Each Co-parcener (not being a minor) of a Hindu Undivided Family, which is engaged in any profession, trade or calling.
2,500 per annum
20A
Persons, registered under the Maharashtra Goods and Services Tax Act, 2017
2,500 per annum
21
Persons, other than those mentioned in any of the preceding entries
who are engaged in any profession, trade calling or employment and in respect of whom a notification is issued under the second proviso to sub-section (2) of section 3.
2,500 per annum

Note: 1    Notwithstanding anything contained in this Schedule, where a person is covered by more than one entry of this Schedule, the highest rate of tax specified under any of those entries shall be applicable in his case.

Note : 2    For the purpose of Entry 8 of the Schedule, the Profession Tax shall be calculated on the basis of the “turnover of sales or purchases” of the previous year. If there is no previous year of such dealer, the rate of Profession Tax shall be Rs 2,000. The expression “turnover of Sales or purchases” shall have the same meaning as assigned to them, respectively, under the Maharashtra Value Added Tax Act, 2002 (Mah IX of 2005)


Popular posts from this blog

PF payment due dates for the FY 2020-21 for tax audit reporting

-
Image
PF payment due dates for the FY 2020-21 for the purpose of tax audit reporting While preparing Tax Audit Report in Form 3CD it is important to fill due date of payment to various Employees contribution fund and actual payment of the contribution. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va)" Most commonly reported funds under the clause are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI may result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2020-21 for quick reference  PF payment due dates for the FY 2020-21 Period Due date Day Extended date Reference Apr-20 15/05/2020 Friday                                -                           -   May-20 15/06/2020 Monday                  
Continue Reading

PF payment due dates for the FY 2021-22 for reporting u/s 36(1)(va)

-
Image
PF payment due dates for the FY 2021-22 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution to the employee's account in the relevant fund under any Act, rule, order or notification issued thereunder or under any standing order, award, contract of service or otherwise. Most commonly reported funds under the clause 20(b) are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2021-22 for quick reference. PF payment due dates for the FY 2021-22 Period Due date Day
Continue Reading

Format of shorter notice consent for AGM (Annual General Meeting)

-
Image
Format of shorter notice consent for AGM (Annual General Meeting) Background The Companies Act mandates companies to issue a notice to members calling a general meeting at least 21 clear days before the date of the meeting. Sometimes, the matters in urgency require quick decision making and in such circumstances, the companies may go for calling general meetings at shorter notice. However, in case of the private limited companies the period can be less than 21 days as provided in the Articles of Association (AOA). Provision and Rule As per the provisions of Section 101 (1) of the Companies Act, 2013, every general meeting of a company may be called by giving not less than twenty-one days clear notice in writing or through electronic mode in such manner as provided under Rule 18 of Companies (Management and Administration) Rules 2014. What is Consent for shorter notice? It is permission obtained by the company from its shareholders, in advance, to call a general meeting at an earlier da
Continue Reading

PF payment due dates for the FY 2022-23 for reporting u/s 36(1)(va)

-
Image
PF payment due dates for the FY 2022-23 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution to the employee's account in the relevant fund under any Act, rule, order or notification issued thereunder or under any standing order, award, contract of service or otherwise. Most commonly reported funds under the clause 20(b) are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2022-23 for quick reference. PF payment due dates for the FY 2022-23 Period Due Date Day Extended D
Continue Reading

Letter of Authority for Tax Practitioners (Income tax)

-
Image
LETTER OF AUTHORITY I/We ________________ Proprietor/Partner/Director of _______________________ hereby authorize Mr/Mrs/ CA __________________________ [   to appear, represent and settle on my/our behalf the Income tax assessment proceeding/s before the Income tax officer / Assistant/Dy. / Commissioner of Income tax or in appeal before the Appellate Assistant Commissioner of Income   Tax, Commissioner of Income tax (Appeal) or the Appellate tribunal or the Board of Direct taxes for the assessment year 20XX-XX and   [ to produce accounts and documents / statements and to receive on my/our behalf any notice or documents / statements issued in connection with the said proceedings ] or/and [ to apply for, obtain and receive refund order in respect of the said assessment (if any) and ] or/and [ to apply for copies of the Income tax assessment order, the Appellate order or the order of the Commissioner of Income tax, the Central Board of Direct-taxes ] . I/
Continue Reading