INTERVIEW QUESTIONS TAX PROFESSIONAL TAX DETAILS

Question: What is Profession Tax in Maharashtra?

Answer: Profession Tax in Maharashtra is governed by the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975.

The Profession Tax slab rate on salary and wages are as follows:-
Monthly Salary Wage PT Payable
Salary and Wage earners - such persons whose monthly salaries or wages :-
a. do not exceed rupees 7,500 Nil
b. i) In case of male: exceeds Rs. 7,500 but does not exceed rupees 10,000 Rs. 175 p.m.
ii) In case of female: does not exceed Rs 10,000 Nil
c. exceeds rupees 10,000 Rs. 2,500 per annum to be paid in the following manner:-

(a) rupees two hundred per

month except for the month of

February

(b) rupees three hundred for the

month of February

Consequences for late payment or non payment:

For late payment of PT, interest @ 1.25% p.m. is levied and the state may also impose a penalty of 10% of the total amount due.

Profession Tax in Maharashtra is governed by the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975.

The Profession Tax slab rate on salary and wages are as follows:-
Monthly Salary Wage PT Payable
Salary and Wage earners - such persons whose monthly salaries or wages :-
a. do not exceed rupees 7,500 Nil
b. i) In case of male: exceeds Rs. 7,500 but does not exceed rupees 10,000 Rs. 175 p.m.
ii) In case of female: does not exceed Rs 10,000 Nil
c. exceeds rupees 10,000 Rs. 2,500 per annum to be paid in the following manner:-

(a) rupees two hundred per

month except for the month of

February

(b) rupees three hundred for the

month of February

Consequences for late payment or non payment:

For late payment of PT, interest @ 1.25% p.m. is levied and the state may also impose a penalty of 10% of the total amount due. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

• There should not be any Spelling Mistakes.
• There should not be any Gramatical Errors.
• Answers must not contain any bad words.
• Answers should not be the repeat of same answer, already approved.
• Answer should be complete in itself.

Name :*
Email Id :*
Answer :*
Verification Code	Not readable? Load New Code
Enter the above shown code: *
	Inform me about updated answers to this question