Maharashtra Professional Tax Slab Rate for FY 2024-25

Who pays Professional Tax in Maharashtra?

1. It is applicable for both salaried and self-employed professionals who earn income working in government and private organizations.
2. It is subject to a minimum limit of income and charged as per applicable slab rates of a state.
3. Senior citizens above the age of 65 and handicapped persons with more than 40 % disability and parent of a physically disabled and mentally retarded children are exempted from paying professional tax in Maharashtra.

How to make Maharashtra Professional Tax online payment?

The following are the ways to make online professional tax payment in Maharashtra:

1. Visit the Maharashtra GST Department’s official website
2. Click on the ‘e-payment’ option
3. Select the appropriate option, as per the status of your professional tax payment, either PTEC (Professional Tax Enrolment Certificate) or PTRC (Professional Tax Registration Certificate) Act
4. Enter the essential details, such as the payable amount, period of professional tax payment, mobile number, etc., after selecting the applicable option
5. Click on 'Proceed to Payment' option
6. An acknowledgement receipt will appear on the screen after completion of the payment

Professional tax payment in Maharashtra can also done through the following steps:

1. Select the tax type after visiting the official website of the Sales Tax Portal of GRAS (Government Receipt Accounting System)
2. Enter the TIN (Taxpayer Identification Number) which is 12-digit for PTRC (Professional Tax Registration Certificate) and 11-digit for PTEC (Professional Tax Enrolment Certificate)
3. Click on ‘Submit’
4. Enter required details, such as employer’s name, office location, mobile number, etc.
5. Select payment type
6. Select the payment period after the ID gets generated automatically
7. Provide payment details and click on ‘Proceed’
8. Click on ‘OK’ to obtain the Government Reference Number
9. You will be redirected to the bank’s website after clicking on ‘OK’
10. Download the auto-generated receipt after making the payment

Due Dates for Paying Maharashtra Professional Tax

The due date for paying Maharashtra professional tax is determined by the enrolment date.

For example,

1. Business enrolled before 31 May for a particular year must pay professional tax 30 June
2. Business enrolled after 31 May for the fiscal year must pay tax within one month of the enrolment date

Who is exempt from Maharashtra Professional Tax?

The following are the individuals exempted from paying Maharashtra Professional Tax:

1. Individuals with disability more than 40%
2. Senior citizens 65 years and above
3. Badli workers of textile industry
4. Parents of physically challenged children

Maharashtra Professional Tax Rules and Regulations

The following are the details regarding the Maharashtra Professional Tax Rule:

1. The government can impose a professional tax under the Maharashtra State Tax on Professions, Trades, Callings, and Employment (Amendment) Rules.
2. Every salaried employee needs to pay this tax, according to Maharashtra professional tax rule.
3. A certificate of registration or certificate of enrolment must be obtained from the prescribed authority by the employers of such employees and self-employed individuals.
4. According to professional tax rule, enrolment or registration must be applied within 30 days from the commencement date of your profession or business.

Penalty for Not Paying Professional Tax in Maharashtra

The Maharashtra Government charges penalty under the following circumstances:

1. Delay in enrolling for professional tax.
2. Providing inaccurate information while enrolling for professional tax.
3. Failure to pay professional tax within due date.

Conclusion: Maharashtra Professional Tax Summary

Professional Tax in Maharashtra is a crucial obligation for all engaged in professions within the state. With detailed insights into tax slabs, payment methods, due dates, exemptions, and penalties, adherence to regulations is essential to prevent hefty fines. Ensure timely payment to maintain compliance with tax laws and financial responsibility.