In this post, we will see the latest update of Professional tax Maharashtra 2023-24
The state of Maharashtra government notified the bill of Maharashtra tax on Professional, Trade, Calling and Employment (Amendment), 2023 on 20th March 2023 to Maharashtra Tax on Profession, Trade, Callings and Employments Act, 1975 (XVI of 1975). Which comes into effect from the date of 1st April 2023.
As per the notified amendment of schedule I of Maharashtra Professional Tax rate has been substituted and the limit to deduction increased, namely –
For Men and Women whose monthly salary or wages are as follow –
|Male Monthly Salary||Amount payable in Maharashtra Monthly||Remarks|
|Less than Rs.7500||Nil||Nil|
|Rs.7501 to Rs.10000||Rs.175 per month||Nil|
|Rs.10,001 and above||Rs.200 per month||In February deduct Rs.300/-|
|Female Monthly Salary||Amount payable in Maharashtra Monthly||Remarks|
|Up to 25,000||NIL||Nil|
|25,001 & Above||200||In February deduct Rs.300/-|
Get to know more details about Professional Tax Maharashtra 2023-24, click here.