Site icon AskBanking – Get solution to all your banking FAQs

Maharashtra Professional Tax Slab Rate FY 2015-16

Maharashtra  Professional Tax Slab Rate FY 2015-16 – Professional Tax calculation chart for state of Maharashtra . Proessional Tax slab rate for the state of maharashtra is levied as per constitutional power under Clause (2) of Article 276 where state are empower to charge the professional tax as per the slab rate defined time to time.

How to calculate the Professional Tax deduction in Maharashtra in Form 16 ?

Maharashtra  Government also levied the Professional tax on all type of professional like  salaried individuals of government , non-government entities, Private practicing in any profession i.e. Doctors, Engineers, accountants, Lawyers or any businesses.

Read : Professional Tax Slab in Andhra Pradesh

Read : Professional Tax Slab in Bihar

Read : Gujarat Professional Tax Slab Rate FY 2015-16

There is maximum ceiling of professional tax being charged by any state government i.e.  Rs 2500/-. which is allowed under deduction in Income Tax as per the section 16.

Professional Tax Slab in State of Maharashtra

Monthly Salary Professional Tax Per Month
Up to Rs 7,500/- Nil
Rs 7,501-Rs 10,000/- Rs 175 (Women are exempted up to Rs 10,000)
Above Rs 10,001/- Rs 200 for first 11 month and Rs 300 in march

 

As per the Notification : Download Here

Exemption from Professional Tax 

  1.  Personal with Physical Disability of permanent nature
  2.  Parents or guardian of person ssuffering from mental retardation.
  3. Senior citizen above the age of 65 years in all state other than karnatka where 60 years
  4. Parents or guardians of a child suffering from a physical disability as specified in clause (C) w.e.f 1.10.1996.

States and Union Territories where Professional Tax are not levied 

Arunachal Pradesh
Andaman & Nicobar
Chandigarh
Dadra & Nagar Havelli
Daman & Diu
Delhi
Goa
Haryana
Himachal Pradesh
Jammu & Kashmir
Lakshadweep
Nagaland
Punjab
Rajasthan
Uttaranchal
Uttar Pradesh
Exit mobile version