Professional Tax Registration In Maharashtra
The State Government levies the professional tax on the professionals and members. The levy and governance of professional tax in Maharashtra is regulated under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975.
Procedure for obtaining Professional Tax in Maharashtra
Professional Tax in Maharashtra can be obtained online on the State sales tax department website. Here is the procedure of the same:
An application must be made in Form 1 within 30 days of becoming liable to pay the professional tax.
Once Form 1 is submitted an acknowledgment with the date and time for attending the registration authority is generated.
The application has to be duly signed by the proprietor or partner or director of the company and it should be submitted to the concerned professional tax registration authority.
After the signed application is received the professional tax registration is provided in Form 1-A with a TIN (Registration number under profession tax act)
India Filings can help you obtain Professional Tax Registration in Maharashtra.
Who is eligible to pay Professional in Maharashtra?
Anyone who has professional tax registration
Entities having professional tax liability of more than Rs.50,000 need to file monthly professional tax returns before the last date of each month.
For entities whose tax liability is less than Rs. 50,000 in the previous year have to file a tax return annually on or before 31st of March.
In case there is omission or furnishing of incorrect statement a revised professional tax return can be filed.
The due date for filing professional tax in Maharashtra
Based on the date of enrolment the due date for filing Professional tax in Maharashtra differs, for the entities that are enrolled before the commencement of a year on or before 31st May the due date is 30th June of that year.
If the entity is enrolled after 31st May the professional tax payment is due within one month of the date of enrolment.
The professional tax rate in Maharashtra
| Monthly Gross Salary | Amount Payable as Professional Tax |
| Up to Rs. 7500 | Nil |
| Rs.7501 to Rs.10,000 | Rs.175 Per month |
| Above Rs.10,000 | Rs. 2500 per annum. Can be paid in either way.
Rs.200 per month except for February
Rs.300 for February. |
Created & Posted By Piyush Sharma
TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are:
Launch Your Start-Up Company/Business,
Trademark & Brand Registration,
Digital Marketing,
E-Stamp Paper Online,
Closure of Business,
Legal Services,
Payroll Services, etc. For any further queries related to this or anything else visit
TAXAJ
TAXAJ Corporate Services LLP
Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078
Related Articles
Professional Tax Registration Documents
What is Professional Tax? In simple terms, if you are an individual who is employed and earns a regular salary, you are required to pay professional tax. Professional tax is a tax that is levied by the state government on every person who earns a ...
Professional Tax Registration in Bangalore
Professional Tax Registration In Bangalore Professional tax is very much similar to income tax but the professional tax is collected by the state government. Professional tax registration in Bangalore can be obtained through TAXAJ. The maximum amount ...
How to register for Professional Tax (PT) for a company?
Professional Tax Registration In Delhi The State Government levies the professional tax on the professionals and members. The levy and governance of professional tax in Delhi is regulated under the Delhi State Tax on Professions, Trades, Callings and ...
Professional Tax Registration West Bengal
West Bengal Professional Tax Professional tax is a State Government tax levied on the income received by employment, profession, calling, or trade. The Municipal Corporations of the respective states impose professional tax through predetermined slab ...
Professional Tax (PT) in Bangalore
Karnataka Professional Tax Professional Tax is a tax levied on professions and trades in India. It is a state-level tax and must be compulsorily paid by every staff member employed in private companies. The business owner is responsible for deducting ...