Administration Manual - B.E.S.T. Undertaking.

PROFESSION TAX
Apart from Income tax work, Income tax section is also
carried out the work of Profession tax under Maharashtra
State Tax on profession, trade calling employment act 1975
under section 7.
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Accordingly as per determined rules for ensuing assessment year
under this act the Profession tax has to be deduct from the salary of the
employee and remit the same to profession tax authority within fifteen
days from the date of salary paid to employee. As per Section 4 and
Rule 17 of the Profession Tax Act.
Every payment shall be accompanied by challan in Form No. III,
which is consist of three parts marked as “for Profession Tax Officer”,
then “for the Treasury” and “for the Payer” respectively. The copy of
the same is enclosed.
The existing rates of profession tax are as under:
Wages / Salary slab Monthly rates of Profession tax from
Apr.2000 onwards.
Upto Rs.2,000 Nil
From Rs.2,001 to Rs. 2,500 Rs.30 per month
From Rs.2,501 to Rs. 3,500 Rs.60
From Rs.3,501 to Rs. 5,000 Rs.120
From Rs.5,001 to Rs.10,000 Rs.175
From Rs.10,001 and above Rs.2,500 per annum to be paid in the
following manner.
a) Rs.200 per month except for the month
of February.
b) Rs.300 for the month of February.
Every employer liable to pay tax and also maintained a
register in which amount of salary paid to each employee and
the amount of tax deducted from the salary is to be shown as