01-Apr-2023 Applicability of Profession Tax ( PTR and PTE ) for FY 2023-24
profession-tax maharashtra-profession-tax-act-1975 maharashtra-pt maharashtra-pt-schemeThis blog provides essential information on the applicability of Profession Tax (PTR and PTE) in Maharashtra for FY 2023-24. It covers the latest amendments in the PTR slabs, guidelines for filing PTR returns, and the requirement for enrolling under PTE. Additionally, it highlights the exemptions available for senior citizens and persons with benchmark disabilities. A must-read for taxpayers looking to understand the regulations around profession tax in Maharashtra.
Few important points regarding the applicability of Profession Tax (PTR and PTE) for FY 2023-24 in the state of Maharashtra are given herein below for a ready reference of the taxpayers.
1) Profession Tax (PTR)
Employers paying salary to their staff are liable to deduct and pay Professional Tax (PTR) on the salaries paid to their employees at the applicable slab rates. The slab rates have been categorized based on gross salary of males and females.
With a view to give effect to the proposals contained in the Maharashtra State Budget 2023-2024 which aimed at empowering women economically, an amendment has been brought in Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, whereby no profession tax shall be payable in case of any female employee drawing a salary of upto Rs.25,000 per month. The Revised slabs applicable for Profession Tax in Maharashtra are as under :
| Gender | Monthly Gross Salary per month | Amount of Profession Tax |
| Female | Upto Rs. 25,000 | Nil |
| Above Rs. 25,000 | Rs. 200 for all months other than February and Rs. 300 for the month of February | |
| Male | Upto Rs. 7,500 | Nil |
| Rs. 7,501 to Rs. 10,000 | Rs. 175 per month | |
| Above Rs. 10,000 | Rs. 200 for all months other than February and Rs. 300 for the month of February |
2) Filing of Profession Tax Returns (PTR):
| Criteria | Periodicity of return | Due Date |
| A registered employer whose Profession Tax liability is less than Rs. 1,00,000 in the previous year | Annual | Annual return on or before 31st of March. Tax to be paid for March of the immediately preceding year and from April to February of the year to which return relates. |
| A registered employer whose Profession Tax liability is more than Rs. 1,00,000 in the previous year Or Newly Registered Employers during the current year | Monthly | Monthly return on or before the last day of the month to which the return relates. Tax to be paid of immediately preceding month to which the return relates. |
3) Profession Tax Enrolment (PTE):
Specified categories of persons engaged in Profession or Business are required to Enroll under Profession Tax and obtain PTE Enrollment Number. These include Pvt. Ltd. Companies, Directors, LLP’s, Partners, Proprietary firms, and Specified Co-op. societies, other specified persons engaged in profession/business, etc.
The PTEC payable amount is Rs.2500/- per annum and the due date is 31st March of the financial year.
There is also an option of paying PTEC in advance under the Profession Tax – OTPT scheme for a minimum of 3 years and a maximum upto 35 years.
Senior citizens above the age of 65 years and persons with benchmark disability are exempted from paying PTE.