Professional Tax in Maharashtra

Overview

If you are a business owner in India, you must register for professional tax within 30 days of hiring your first employee. You will also need to deduct professional tax from your employees' salaries and pay it to the government. If you are a professional who is starting your own practice, you must also register for professional tax within 30 days.

Professional tax is a tax levied on the income of individuals who are employed or self-employed in a profession or trade. It is a state-level tax, and the rates and rules vary from state to state.

Revised Professional Tax in Maharashtra

The Maharashtra state government revised the professional tax rates and rules in 2023. The new rates are effective from 1 April 2023.

Types of Professional Tax Certificates

There are three types of professional tax certificates in India:

• Professional Tax Registration Certificate (PTRC): This certificate is required for all individuals and businesses who are liable to pay professional tax. It is proof of compliance with professional tax regulations and is essential for conducting business or practising a profession.
• Professional Tax Enrolment Certificate (PTEC): This certificate is required for employers who need to deduct professional tax from their employees' salaries. In some states, both a PTEC and a PTRC are required for employers.
• Professional Tax Exemption Certificate (PTEC): This certificate is required for individuals or categories of professionals who are eligible for exemptions from professional tax. It serves as proof of their eligibility for exemption and allows them to avoid paying professional tax.

Documents Required for Professional Tax Registration in Maharashtra

The following documents are required for professional tax registration in Maharashtra:

• Aadhaar card
• PAN card
• Proof of residence
• Proof of occupation
• Passport-size photograph

Procedure For Registration And Payment Of Profession Tax Online in Maharashtra

To register and pay professional tax online in Maharashtra, you can follow these steps:

1. Visit the Maharashtra State Tax on Professions, Trades, Callings, and Employment Department website.

2. Click on the &e-Registration& link.

3. Fill in the required details and submit your registration form.

4. Once your registration is approved, you can log in to your account and pay your professional tax online.

Who Gets Exemption from Professional Tax in Maharashtra?

The following individuals are exempt from paying professional tax in Maharashtra:

• Individuals with a monthly income of less than ₹7,500
• Students
• Senior citizens above the age of 65
• Persons with disabilities
• Women working in the organized sector

The Due Date for Filing Professional Tax in Maharashtra

The due date for filing professional tax in Maharashtra is the 31st of March every year.

The Professional Tax Rate in Maharashtra

The professional tax rate in Maharashtra varies depending on the monthly income of the individual. The following are the revised professional tax rates for 2023-24:

Why Vakilsearch?

At Vakilsearch, our commitment is to provide you with comprehensive professional tax services in Maharashtra. Our team of experts is dedicated to simplifying the complexities of taxation, ensuring that you meet your obligations seamlessly. Whether you need assistance with registration, compliance, or any other aspect of professional tax, we are here to assist you every step of the way.

FAQs on Professional Tax in Maharashtra