Professional tax rates in maharashtra

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Webb16 apr. 2024 · PTRC 31 JULY EXTENDED MAHARASHTRA. Update as on 1 May 2024. As per circular no. 06 T of 2024 dated 30/04/2024 the government has waived off the late fees for the financial year 2024-20 provided the employer:. Pays the PTRC liability as per return and should have been paid the same before filing the return and Webb9 maj 2013 · In the month of March 2013 the PTax will calculated as 200.In the Form16 Summary of the Payslip the aggregate amount of Professional Tax for the entire year will be reflected back as as 2500 instead which is correct.. Related Notes: The related SAP Notes for Maharashtra PTax. 1727550. HINCPTX0:Slab range not visible on PTax form …

Profession Tax Provisions in Maharashtra with PT Rate Chart - TaxGuru

Webb18 mars 2024 · 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 … Webb13 feb. 2024 · Women who earn Salary up to Rs. 10,000/- per month are exempted from paying Professional Tax Rs. 200/- per month however in the month of February Rs. 300/- … inter r hd graphics 530驱动

Profession Tax Provisions in Maharashtra with PT Rate …

WebbProfessional Tax Rate or P. tax Slab rates in West Bengal for FY 2024-23 is mentioned in West Bengal Professional Tax Schedule specifying the rate at which the professional tax will be paid. 1. Employer - It is required to deduct P. Tax from Salary or Wages at the rate mentioned below. Monthly Gross Salary. (P. Tax Amount) Up to Rs. 10,000/-. Nil. WebbProfessional Rates: Salary (INR) PT Amount: Remarks: Upto 7500 ₹ 0.00: Nil: Between 7501 To 10000 ₹ 175.00: Nil for Women: Above 10001 ₹ 200.00: Above 10001 ₹ 300.00 WebbInterest : An Interest will be levied on delayed payment of Professional Tax (PTEC) i.e. 1.25% p.m. for the first month, for next two month 1.5% p.m. and thereafter 2% p.m. Penalty : A penalty of 10% shall be levied on the amount owed in case of delayed payment. Delay in obtaining the PTEC Certificate will be charged at Rs.2 per day. newest restaurants in boston

Maharashtra Budget 2024 announces Professional Tax Waiver to …

Maharashtra Professional Tax Limit Increased - IndiaFilings

Webb11 sep. 2024 · Given below are the rates of professional tax in Maharashtra:-Gross Monthly Salary: Monthly Tax Payable: Upto Rs. 7,500 (Male) Nil: Upto Rs. 10,000 (Female) Nil: More than 7,500 but less than Rs.10,000 (Male) INR 175 Per Month: More than Rs. 10,000 (Both Male & Female) INR 2500 Per annum: WebbProfessional tax rate in Maharashtra as below Rate of interest on delayed payment Interest on late payment of Professional tax Maharashtra is 1.25% PM State may impose penalty at 10% of total tax due. Professional Tax Rate in Karnataka Profession tax rate in Karnataka is defined by state government. Rate of tax is defiled on basis of salary range. newest resorts in bora boraWebbProfessional tax is one of the two taxes levied by the state government of Maharashtra. It is an income tax levied on professionals. The other is vat. A consumption tax levied on the sale of goods and services. The professional tax is a flat-rate tax, and it is paid annually based on turnover made during the year. newest restaurants in chicago

"Webb30 mars 2024 · This is to inform you that Maharashtra Professional tax rate has been changed w.e.f. 1st Apr-2024. Kindly update in your system /Software / Formulas … " - Professional tax rates in maharashtra

Professional tax rates in maharashtra

Professional Tax Rate, Calculation & More Online Course Details

Webb17 maj 2024 · In Maharashtra, for example, the penalty for late registration is Rs 5 per day. There is also 1.25% monthly interest for late payment, a 10% penalty on the tax amount … WebbRevised Professional tax slab and rates for a given state where ptax is applicable. Change in Ptax amounts effective from given tax year. Example scenario say for any given State : …

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WebbProfessional tax is a direct tax that is deducted from your gross salary by your employer. This tax is levied by the state government and thus can vary depending on the state you live in. The maximum limit of which you can be charged is Rs 2500. The tax is calculated based on the slabs. Each state can have different salary slab rates for the ... WebbThe Professional tax Slab rates in Maharashtra on Salary/Wage earners for Male and Female are as follows: Professional Tax in Manipur Manipur levies the Professional tax …

Webb11 mars 2024 · Currently, employed women must pay professional tax if their monthly wage exceeds Rs. 10,000. It is recommended that this threshold be raised to Rs. 25,000 … WebbRoad Tax Rates for Four-wheelers in Maharashtra The tax rates for four-wheelers in Maharashtra are divided into two categories—first-time registration and second time or multiple registrations. Maharashtra road tax for car is as follows. For first time registration, the details are as shown below.

Webb10 maj 2024 · The Professional tax slab rates in Maharashtra for MAles are as follows: Professional Tax rate in Manipur Manipur levies the Professional tax at Rs. 208 for 11 months and Rs. 212 for the last month. Professional Tax rate in Meghalaya Webb15 feb. 2024 · Maximum Profession Tax Amount A maximum of Rs. 2,500 can be levied as professional tax on any ...

WebbThe rates of some of the leading states of India are as follows –. State. Professional tax rate. Maharashtra. Monthly salary of men up to INR 7500 – no tax. Monthly salary of women up to INR 10,000 – no tax. Monthly salary of men between INR 7500 and INR 10,000 – INR 175/month. Monthly salary above INR 10,000 – INR 200/month (INR 300 ...

Webb13 apr. 2024 · In Maharashtra, salaried people, self-employed, and businesses must pay Profession Tax on their earnings. The state government sets the rates for Profession Tax slabs, with a maximum of Rs. 2500 per year. If you are a salaried employee, the Profession Tax will be deducted automatically from your pay, and the employer will pay the total tax. newest restaurants in amarillo txWebb11 mars 2024 · Currently, employed women must pay professional tax if their monthly wage exceeds Rs. 10,000. It is recommended that this threshold be raised to Rs. 25,000 in order to provide women more purchasing power. Simply stated, women are exempt from profession tax if their wages are up to 25,000. newest restaurants in columbus ohioWebbThe state of Maharashtra government notified the bill of Maharashtra tax on Professional, Trade, Calling and Employment (Amendment), 2024 on 20th March 2024 to Maharashtra Tax on Profession, Trade, Callings and Employments Act, 1975 (XVI of 1975). Which comes into effect from the date of 1st April 2024. newest restaurants in fort worth newest restaurants in charleston scWebb23 juli 2014 · Step3: SPRO->IMG->Payroll->Payroll India->Professional Tax->Assign Amounts for Professional Tax Deduction Table: V_T7INP4. In this activity, we assign a Professional Tax (PTax) rate to a slab code. Slabs are salary brackets as specified for a State by the respective State Government or local authority. newest restaurants in huntsville alWebbEverything to know about professional tax slab rate in India. Learn about what is professional tax, ... Maharashtra Professional Tax Slabs; Monthly Income : P Tax Deduction Each Month: Up to Rs.7500 for men and up to Rs.10000 for women: Nil: Rs.7501-Rs.10000 for men: Rs.175: More than Rs.10000: inter r hd graphics 630驱动Webb2,500 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 … inter r hd graphics 驱动