Self-employed, salaried individuals and companies are liable to pay professional tax on their income in Maharashtra. While this is true for every state, in Maharashtra every company must go through Professional Tax Certification and proper deduction from the salaried individuals.
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The latest profession tax slab rates as prescribed by the Government of Maharashtra are as follows
|Monthly Gross Salary||Payable Profession Tax|
|Up to Rs. 7,500 (Male)||Nil|
|Up to Rs. 10,000 (Female)||Nil|
|More than 7,500 but less than Rs.10,000 (Male)||Rs.175 Per Month|
|More than Rs. 10,000 (Both Male & Female)||Rs. 2500 Per Annum|
Professional tax registration certificate (PTRC) is to be obtained by the company in the role of Employer. Professional tax Enrolment certificate (PTEC) is to obtained by the company for its own existence and any subsidiary engaging in the profession (and off-course business) within the state of Maharashtra.
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