Professional tax in maharashtra is governed by the maharashtra state tax on professions, trades, callings and employment act, 1975 which came into effect from 1 st april 1975. The basis of this tax is to bring various categories of persons engaged in different trade, callings and professions. Anyone earning an income from salary or anyone practicing a profession such as chartered accountant, lawyer, doctor etc. The department now reaching out to tax payers on a onetoone basis to highlight the urgent need to quickly discharge the profession tax. Short title, extent and commencement 1 this act may be called the andhra pradesh tax on professions, trades, callings and employments act, 1987. Firms may be organized as limited liability partnerships, limited liability companies, general partnerships or. Profession tax is collected by the state government on salaried people and business people. Need help getting started with taxact professional. However, there are few states and union territories in india that do not charge professional tax too. The taxact attachment manager allows you to attach pdf copies of supporting documentation to your return. The maharashtra state tax on profession, trades, callings and employments act, 1975 act 16 of 1975 keywords. Different states have varying methods of calculating professional tax.
Profession tax in respect of dealers registered under the karnataka sales. Act xlix of 1994 or the west bengal value added tax act, 2003 west ben. Rupees 1,250 3 business establishments registered as per general sales tax act. Everything you need to know about professional tax. Amendments to profession tax act, rules and notifications issued thereunder. This tax is levied under the sindh finance act, 1964. The professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. Amendments to maharashtra value added tax act, sugarcane purchase tax act, profession tax act and entry tax rules. This study material has been published to aid the students in preparing for the tax laws and practice paper of the cs executive programme. This act is also called as the maharashtra state tax on professions, trade, callings and employments act, 1975.
Professional tax is the tax by the state governments in india. Exemption from payment of late fees for ptrc tin holders who have obtained tin on new sap system. Never had an issue with calculations or missing any important credits or deductions to the return. Profession tax, directorate of commercial taxes,government of west bengal. The professional tax is administered under the provisions of the punjab finance act 1977 and the punjab professions and trade tax rules 1977. It would be convenient for the officers who collect registration fee under the karnataka sales tax act, 1957 during the month of april every year, to collect simultaneously, the profession tax also for the dealers.
Due to compliance reasons, users will now be required to have the. Taxact professional is very userfriendly and accurate. It is considered necessary to amend the karnataka sales tax act, 1957, the karnataka agricultural income tax act, 1957, the karnataka tax on professions, trades, callings and employments act, 1976, the karnataka entertainment tax act, 1958, the. Profession tax enrolment user manual 2014 2 first time application a step by step road map this is the view of home page for online enrolment of profession tax. Return of tax payle by under subsection 1 of 6 of the aijarat state, tax on profession, iyades, callirgs and act, 1976 see rule 11 of tax for cn. This tax needs to be paid on earning of salaried people and professionals. Since professional tax is levied by the state government, it tends to differ for various states. Professional tax act a penalty at the rate of 50% of the tax due from him in addition to the actual tax. Commissioner of profession tax to exercise the powers and perform the. Rupees 1,250 4 in the case of companies registered as per companies act, 1956, engaged in any trade rupees 1,250 or profession. Professional tax act department of goods and services tax. Application for certificate of enrollmentrevision of certificate of enrolment under the andhra pradesh tax on professions, trades, callings, and employments act, 1987. Goods and service tax allocation of gst taxpayers to state authorities as on 08.
Professional tax maharashtra professional tax slab in. Profession tax shall be paid by every person exercising any profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the schedule to the act. The commercial taxes department is the nodal agency which collects the profession tax dues from professionals in the state. Punjab professional tax, punjab new tax, punjab state. Professional tax slab in madhya pradesh for fy 201819. Professional tax in gujarat is governed by the gujarat panchayats, municipalities, municipal corporations and state tax on professions, trades, callings and employment act 1976. What is professional tax and professional tax slab rate in india.
Accurate professional tax slabs, benefits for odisha. The professional tax slab rates on salary and wages in maharashtra are as follows. Professional tax is imposed at state level in india and each state has a different method of collecting tax. The most likely cause of a problem attaching a pdf file is the file size. Apr 17, 2019 the professional tax in telangana is applicable under the provisions of telangana professional tax act 1987. Professional tax software for cpas, accountants, and tax professionals. Exemption from payment of late fee us 6 3 of the maharashtra state tax on professions, trades, callings and employments act, 1975. The professional tax is a source of revenue for the state governments which helps in implementing schemes for the welfare and development of the. Professional tax is a source of revenue for the government. This tax is in addition to any other taxes such as income tax, indirect tax gst etc. Professional tax acts professional tax acts jharkhand. Welcome to professional tax efiling system this website facilitates the professional tax payers to enter and submit returns and make the payment electronically.
This tax is levied and collected onfrom the persons or class of persons engaged in a profession, trade, calling or employment in the province of the punjab and it shall come into force on and from the. Import returns user can import client returns from pdf or prior year taxact data. The karnataka tax on professions, trades, callings and. It extends to the whole of the state of maharashtra. Therefore, the government of punjab had stopped making assessment and recovery of professional tax once levied on the basis of payable income tax at the rate of 1% under the provision of section 6 of the punjab finance act, 1977 and had reverted back to the previous schedule forming the basis of assessment of professional tax in accordance with. The professional tax payers can generate the certificate online without visiting the pt offices. Ebook on gst act 2017 in pdf april 2020 edition aubsp.
The karnataka tax on professions, trades, callings commercial. This act may be called the punjab state development tax act,2018. Every person, engaged actively or otherwise in any profession, trade, calling or. Act xxxvii of 2003 or the central sales tax act, 1956. It is being developed with an objective to enable a single window access to information and eservices provided by the department.
Visit our resource page for guides and videos for tax preparers. Professional tax slab rates in different states updated for. Please let me know the new increase limit of esic wage on wihch we should deduct employees cont. It is part of the educational kit and takes the students step by step through each phase of preparation stressing key concepts, pointers and procedures. This insight focuses on changes that affect law firms and other similar professional service firms. Professional tax slab in madhya pradesh have been revised in state finance budget 2018.
Taxact professional tax software pro tax preparation. Commissioner, corporation area, employer, month, person, profession tax, salary or wage, tribunal amendments appended. Act xlix of 1994 aa commissioner means the commissioner of profession tax appointed under section. It would be convenient for the officers who collect registration fee under the karnataka sales tax act, 1957 during the month of april every year, to. You may get your copy of latest amended and updated ebook on gst act 2017 in pdf at reasonable price. For the purposes of this chapter, a employee means a person employed on salary and includes. The registration process for professional tax in tamil nadu can be completed online. Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as follows. The andhra pradesh tax on professions, trades, callings and employments act, 1987 a. Professional tax is the tax levied by the government of india on individual earning income from salary or professionals such as doctors, lawyers, accountants.
Profession tax in respect of dealers registered under the karnataka sales tax act, 1957, is entrusted to the respective assessing authorities. How the tax cuts and jobs act impacts professional service. Pt act 1987 as amended the commercial taxes department is the nodal agency which collects the profession tax dues from professionals in the state. This form of tax was first levied in india in the year 1949 and the power to levy professional tax has been given to the states by way of clause 2 of. The profession tax assessment is calculated based of the half yearly gross income for the following categories.
This portal belongs to department of commercial taxes portal,state government of jharkhand, india. The andhra pradesh tax on profession trades, calling and employment act, 1987. According to the professions, trades, callings and employment act 2000, all professionals enjoying a monthly income above a certain level are liable for professional tax payment. The karnataka tax on professions, trades, callings and employments act, 1976. Attachment may fail for any file larger than 2 mbs. Every person, engaged actively or otherwise in any profession, trade, calling or employment and falling under one or other classes mentioned in schedule i of the maharashtra state tax on professions, trades, callings and employments act, 1975, is liable to pay, to the state government, tax prescribed under the said schedule.
Here are the latest telangana professional tax slab rates as per the telangana tax on profession, trades, callings and employment act 1987 for the year 2019 and also find due date for payment of professional tax in telangana. The revenue collected is used towards the employment guarantee scheme and the employment guarantee fund. The department now reaching out to tax payers on a onetoone basis to highlight the urgent need to quickly discharge the profession tax dues. Schedule to the west bengal state tax on professions. Professional tax act department of commercial tax government. I am pleased to inform you that my april 2020 edition of ebook on the goods and services tax act, 2017 has now been released on april 1, 2020. Watch this video to learn how to import pdfs of 1040 returns prepared with other professional tax software into taxact 2016. Responsibility of the deduction and payment of employees pt lies with the employer. What is professional tax and professional tax slab rate in. Im very satisfied with my purchase for the 5th year in a row. Professional tax is a tax which is levied by the state on the income earned by way of profession, trade, calling or employment. Professional tax interest on non payment on of professional tax, article 276.
The maharashtra state tax on profession, trades, callings and. Keywords commissioner, corporation area, employer, month, person, profession tax. If you are applying for first time choose this option. The purpose is to collect revenue for the purpose of implementing employment guarantee scheme. Taxact professional tax software pro tax preparation software. Tax act, 1957, is entrusted to the respective assessing authorities. Amendment to maharashtra state tax on professions, trade, callings and employment act, 1975, by maharashtra act no. Accurate professional tax slabs, benefits for kerala. Oct 25, 2017 in this post, we will be discussing the professional tax slab rates for different states of india and penalties charged in case of any delay in the payment. The program will determine which optional or required attachments apply to you. This tax is to be paid to the respective corporation municipality in which the company is situated. Professional tax is a state tax, imposed by a state government on account of the infrastructure it provides to you so that you can carry out your profession in that state.
Tax on professions, trades, callings and employments act, 1987. Javascript must be enabled in order for you to use the site in standard view. As per the as per kerala municipal act, 1994 section 254 it is mandatory for all employees who are drawing a half yearly salary of more than rs. Profession tax is deductible under section 16 iii of the income tax act according to section 16 iii of the income tax act 1961, the profession tax paid by an employee is allowed as a deduction from hisher gross salary.
Be it enacted by the madhya pradesh legislature in the fortysixth year of the republic of india as. Profession tax means the tax on professions, trades, callings and employments levied under this act. The tamil nadu panchayats act, 1994 tamil nadu act 21 of 1994 1 chapter ixa tax on profession, trade, calling and employment 198a. Total amount of professional tax paid during the year is allowed as deduction under the income tax act.
The professional tax, in maharashtra, is regulated by the maharashtra state tax on professions, trades, callings and employments act, 1975. The professional tax slab rates in gujarat on salarywage earners are as follows. New rates of professional tax pt deduction will be applicable w. Exemption for professional employees under the fair labor standards act flsa this fact sheet provides information on the exemption from minimum wage and overtime pay provided by section a1 of the f lsa as defined by regulations, 29 c.
Professionals refer to people are in a specialised field, such as medicine doctors, accountancy cas, media independent journalists, information technology. Thank you taxact for making my tax preparation a whole lot easier. Mukherjee road, kolkata 700001 edition based on provisions applicable for ay 201415 references 1. Act 35 tax on professions, trades callings and employments 179 amending act 6 of 1995. This tax is compulsory, but you can claim the income tax deduction on the amount paid as profession tax. Profession tax is levied under the karnataka tax on professions, trades, callings and employments act, 1976. Professional tax slab rates in different states updated. 1961, but does not include bonus in any form and on any account or gratuity. The jharkhand tax on professions, trades, callings and employments act, 2011. Professional tax slab for tamil nadu has been revised 2018. Persons engaged in any profession or trade involving supply of goods or services or both, being a dealers as defined under the west bengal sales tax act, 1994 west ben. Technical and professional consultants other than those. The maharashtra state tax on profession, trades, callings.
May 25, 2019 professional tax forms for all states are available here. It shall come into force on and with effect from the date of its. Constitution of india article 276 states that the total amount payable as profession tax should not exceed rs. Professional tax acts department of commercial taxes.
Halfyearly tax advocates, private doctors, vaidyans, paramedical experts and others engaged in similar professions. The maximum amount of professional tax that can be imposed by any state in india is inr 2500. The professional tax for some major states in india are andhra pradesh, maharashtra, gujarat, new delhi, karnataka, tamil nadu, madhya pradesh, west bengal. Profession tax act, 1975 maharashtra i purpose and scope the maharashtra state tax on professions, trades, callings and employments act, 1975 profession tax act has come into operation from 141975. Each state declares a slab and the professional tax is deducted on the basis of these slabs. There are different types of pdf, most importantly image only pdf and pdf with text. The taxact professional 2019 editions allow you to install all available. This form of tax was first levied in india in the year 1949 and the power to levy professional tax has been given to the states by way of clause 2 of article 276 of the constitution of india.
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