Taxation and Statutory Compliance Mr. Vinod Ranpise Baburaoji Gholap College, Sangvi, Pune - 27 Mobile: +91-9850048899 E-mail:
[email protected] Direct Tax Indirect Tax Salary Slip Allowances Amount Deductions Amount Basic Pay xxxx Professional Tax xxxx D.A. xxxx INCOME TAX xxxx H.R.A. xxxx GPF/EPF xxxx T.A. xxxx DCPS xxxx CLA xxxx Staff Society xxxx Special Pay xxxx LIC xxxx Other Pay xxxx Other xxxx Gross Salary xxxx Total Deductions Xxxx NET SALARY = Gross Salary – Total Deductions (xxxx) Professional Tax The maximum amount payable per year is INR 2,500 and in line with tax payer's salary. The states which impose professional tax are Punjab, Uttar Pradesh, Karnataka, Bihar, West Bengal, Andhra Pradesh, Telangana, Maharashtra, TamilNadu, Gujarat, A ssam, Kerala, Meghalaya, Odisha, Tripura, Madhya Pradesh, Jharkhand and Sikkim. (17 States) Professional Tax Slab in Maharashtra Monthly Gross Salary Amount Payable as Professional Tax Up to Rs.7500 Nil Rs. 7,501 to Rs.10000 Rs. 175 per month Rs. 2,500 p.a. The amount is can be paid in the following manner: Above Rs. 10000 Rs. 200 per month except for the month of February. Rs. 300 for the month of February. The State Government of Maharashtra also implemented a special privilege for women professionals. As per the provision, women employees who earn up to Rs.10,000 per month will not be required to pay professional tax on their salary. This exemption was put into effect in the financial year 2015-2016. How to Pay Professional Tax in Maharashtra Go to the https://www.mahagst.gov.in/en website and select the e- payment link, in case of Professional Tax Registration Certificate (PTRC), or Ptec e-payment, in case of Professional Tax Enrolment Certificate (PTEC).