1st May : "Maharashtra Kamgar Din"

Friends, We all Maharashtrian well known about 1 May. This day celebrate Maharashtrian as "Maharashtra Kamgar Din", Maharashtra Day on May 1 is celebrated in Maharashtra, a state on western coast of India. Maharashtra attained statehood on 1st of May, 1960 when the then state Bombay state was divided into two states, Maharashtra and Gujarat on the basis of different languages, Marathi and Gujarati, under the Saurashtra re-organization act. Maharashtra retained old capital Bombay, which was later renamed Mumbai.

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Calculate & submit Income Tax Return of Fin. Year 2010-11

Friends, According to Union Budget 2010-11, a few changes have been made in Income Tax structure. Here is a glimpse to new Income Tax calculation procedure :

• The relaxation limit under section 80C has been inceased to Rs. 1 lakhs. & Rs. 20000 for Infrastructure Bond it comes to Rs. 120000.00
  
• Surcharge has also been withdrawn
• The Housing Loan Interest Limit Max. 150000.00
  
• The presumptive tax limit has also been raised to Rs 60 lacs.
• Announcement of a deduction of Rs 20000 on investment in infra bonds

The income tax calculator for Financial Year "2010 11" - Use the latest income tax calculator for year 2010-2011 for calculating your income tax. Just enter your anual income and let the tax calculator calculates the tax for you. The tax calculator "2010 11" also calculates the difference in tax from previous financial year. This is the latest tax calculator and is based on tax slab 2010-2011.

Don't Download any thing before Registration and check your inbox for Activation on Feedburner link.
This Software run properly in MS Office 2007
Calculate your (Click Here) Income Tax
Calculate your (Click Here) January-2011 Salary
Income Tax (Click Here) Slab
Profession Tax (Click Here) Slab

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Make easily Form No. 16 in Excel For Fin. 2010-11

Dear Friends, all employees face the problem that how to create Form No. 16 with Monthwise Salary Statement easily of the financial year 2010-2011. We develops Income Tax Calculator for Fin. Year 2010-11, it save your labour work and time. As you know in the month "February-2011" all you had deducted Income Tax from your servants. After the Income Tax Projection it is very essential to issue Form No. 16 and Monthwise Salary Statement, therefore we make Income Tax Calculator in excel for particular Assessment Year 2011-12.

Download Facility only for Registered Member
Registration Free Click Here
New TDS Certificate (Form No. 16)
Updated Income Tax Slab Here
Form No. 16 with Monthwise Salary Satement & Employee Data File

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Payment of MVAT via e-Payment is mendatory w.e.f. 31 March 2011

Friends, the Maharashtra Government issued Notification No. VAT 1510/CR-165/Taxation-1 dated 20 December 2010 in pursuance of the powers conferred under rule 45A of the Maharashtra Value Added Tax Rules, 2005. As per the said notification, the dealers liable to file six-monthly returns under Maharashtra Value Added Tax (‘MVAT’) laws shall make payments electronically with effect from 31 March 2011 of any amount under Maharashtra Value Added Tax Act, 2002.

Thus, with effect from 31 March 2011, e-payment of taxes has been made mandatory for all the dealers liable to file six-monthly returns under MVAT laws.

Maharashtra Sales Tax Department has introduced e-payment of taxes in a phased manner. Now, this has been made mandatory for all classes of dealers as mentioned below.

Sr. No.	Type of Dealers	Date from which e-payment is made mandatory	Notification / Trade Circular No.
1	Dealers liable to file monthly returns under MVAT laws	1 June 2010	Notification No. VAT 1510 / CR-64 / Taxation–1 dated 26 May 2010
2	Dealers liable to file monthly returns under Maharashtra Profession Tax Act, 1975	1 June 2010	Trade Circular No. 17T of 2010 dated 17 May 2010
3	Dealers liable to file quarterly returns under MVAT laws	1 October 2010	Notification No. VAT 1510 / CR-90 / Taxation-1 dated 28 July 2010
4	Dealers liable to file six-monthly returns under MVAT laws	31 March 2011	Notification No. VAT 1510/ CR-165 /Taxation-1 dated 20 December 2010

Following are the banks through which, e-payment can be made by using internet banking facility.

E-payment directly from Bank’s website	Banks integrated with Maharashtra Sales Tax Department
State Bank of India	IDBI Bank
State Bank of Hyderabad	Corporation Bank
State Bank of Travancore	Union Bank of India
State Bank of Mysore	Bank of Maharashtra
State Bank of Bikaner & Jaipur	Indian Overseas Bank
State Bank of Patiala	Indian Bank
IDBI Bank	Central Bank of India
Corporation Bank	Dena Bank
Union Bank of India	Allahabad Bank
Bank of India
Bank of Maharashtra
Bank of Baroda
Punjab National Bank

Mandatory e-Payment of Central Sales Tax (CST) Act: Combined reading of Rule 45A of MVAT Rules, 2005, above referred Notification and Section 9(2) of CST Act makes it clear that e-Payment of CST has been made mandatory for all the dealers with effect from 31 March 2011.

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Dearness Allowance from 01.05.2011 increase 6% in Maharashtra State

Friends, as you know Maharashtra State Government promised to implemented 6th Pay Commission as per Central Government, but on the contrary this Government fails to follow terms & conditions of 6th pay as per Central Government properly in Dearness Allowance.

Central Government passed a notification for dearness allowance and increased 6% from 01.01.2011 but, the state government grab the amount of 4 months of all state / Semi State / Non-Government Employees it come more than Rs. 120 Crores.

For More Details Click Here

For All Dearness Allowance of 6th Pay Click Here

For 5th Pay Commission D.A. Rates Click Here

Click Here 4th Pay Commission D. A. Rates

Count Here April-2011 Salary

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Leave Travel Concession Rules as per 6th CPC - (w.e.f. 01.09.2008)

Friends, as you know that 6th pay commission implemented to near about all State & Government Employee w.e.f. 01.01.2006. As statement by the Government the Rules for Leave Travel Concession has been changed in 6th Pay. The following Rules for LTC implemented in 6th Pay:

1. LTC Rules is allowed all Government servants irrespective of the distance between headquarters and their home town.
2. LTC Rules is allowed Hometown" means the town, village or any other place declared as such by the servant and accepted by the controlling officer.
3. LTC Rules is allowed only to those who have completed one year of service on the date of journey.
4. LTC Rules is allowed for self and family.
5. LTC Rules is allowed only to the family (in the case of an employee under suspension).
6. LTC Rules is allowed to journey to “Home Town” once in a block of two years.
7. LTC Rules is allowed journey to “Any place in India” once in a block of four years.
8. LTC Rules is allowed to expression "any place in India" will cover any place within the territory of India whether it is on the mainland, or overseas.
9. LTC Rules is allowed journey to “Any place in India” in lieu of one journey to Home Town.
10. LTC Rules is allowed availing during all leave periods (Earn/Casual/S.Casual/Study/Maternity/Paternity)
11. LTC Rules is allowed all journeys to travel by Rail/Road/Air/Ship.
12. LTC Rules is allowed privilege not availed during a block may be availed before end of the next year.
13. LTC Rules is allowed allow family members independently in any number of batches.
14. LTC Rules is allowed traveling to “Any place in India” the employee and or members of the family may travel either to the same place or different places of their choice.
15. LTC Rules is allowed traveling to visit “Any place in India” or can visit his same Home Town also.
16. LTC Rules is allowed in the same two-year block, some members of family can avail Home Town concession while other “Any place in India”.
17. LTC Rules is allowed reimbursement by the entitled class or actually traveled class, whichever is less.
18. LTC Rules is allowed 90 per cent of the anticipated reimbursement amount may be granted as advance.
19. LTC Rules is allowed Grade Pay holders of Rs.2400,2600 and 2800 can go AC-II Tier class by train.
20. LTC Rules is allowed Grade Pay holders of below Rs.2400 can go AC-III Tier / First Class / AC-Chair Car class by train.
    

Earned Leave Encashment Facility :-

• Earned Leave up to a maximum of ten days at a time may be enchased, subject to the condition that at least an equivalent duration of Earned Leave.
• This is limited to a maximum of 60 days during the entire career and the total number of days so enchased will not be included for computing maximum quantum of leave encashable at the time of quitting service.
• The balance at credit should be but less than 30 days after deducting the total of leave availed plus leave for which encashment was availed.
• Where both husband and wife are government servants, encashment of leave will continue to be available to both, subject to maximum limit of 60 days.
  

Block Year :-

1. The LTC to home town is allowed once in a block of two calendar years, such as 2006-2007, 2008-2009 and so on.
2. The LTC to “Any Place in India” is allowed once in a block of four calendar years, such as 2006 - 2009 and so on.
   

Husband and Wife…
When both the husband and wife are Central Government servants:

• They can declare separate Home Town independently.
• They can claim LTC for their respective families, viz,. While the husband can claim for his parents / minor brothers / sisters, the wife can avail for her parents / minor brother / sisters.
• Either of the parents can claim the concession for the children in a particular block;
• The husband / wife who avails LTC as a member of the family of the spouse, cannot claim independently for SELF.
  

Family – definition…

1. The Government servant’s wife or husband and two surviving unmarried children or stepchildren wholly dependent on the Government servant, irrespective of whether they are residing with the Government servant or not.
2. Married daughters divorced, abandoned or separated from their husbands and widowed daughters and are residing with the Government servant and wholly dependent on the Government servant.
3. Parents and / or step-parents (stepfather and stepmother) whole dependent on the Government servant, whether residing with the Government servant or not:
4. Unmarried minor brothers as well as unmarried divorced abandoned, separated from their husbands or widowed sisters residing with and wholly dependent on the Government servant provided their parents are either not alive or are themselves wholly dependent on the Government servant.
   

Change of Home Town…
“The hometown once declared and accepted by the controlling officer shall be treated as final. In exceptional circumstances, the Head of the Department or if the Government servant himself is the Head of the Department, the Administrative Ministry, may authorize a change in such declaration provided that such a change shall not be made more than once during the service of a Government servant.”

The CCS Rule allow an employee to change the Permanent Address given in their Service Records for once in their service.

The employee can apply for this through their respective Head of Section enclosing the relationship and residential proof of the new address. Care to be taken before applying for the change of address as this facility will be available only once in their service. After changing the Permanent Address the employee is eligible to apply for Home Town LTC. Those employees who are residing on the outskirts of their work place, automatically they are ineligible for LTC Home Town. For the benefit of these employees, a male employee can give the address of his wife’s native place or opposite, after the marriage of son or daughter, their residing place like that. But the respective Head of Section has the right to turn down the application.

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HOW TO CALCULATE DEATH GRATUITY OF STATE/CENTRAL GOVERNMENT EMPLOYEE

Friends, If the State/Central Government employee died/Expired during his service, The Death Gratuity is granted at the time of expired of employee as following rates depending upon the length of qualifying service put in by the deceased employees:

Length of Service	Rate of Death Gratuity
Less than one year	2 times of emoluments
One year or more but less than 5 years	6 times of emoluments
5 years or more but less than 20 years	12 times of emoluments

Do you know, what is Emoluments?

Pay in the Pay Band + Dearness Allowance
admissible on the date of death.

Example :

Pay and allowance last drawn...

Pay in the Pay Band : 9,000

Grade Pay : 2,400

Dearness Pay (45%) : 5,130

Total : 16,530

Rate of Death Gratuity for the service of 20 years or more is "Half of emoluments for every completed six monthly period of service" subject to a maximum of 33 times of emoluments or Rs. 10 lakhs, whichever is less.

Length of Service	Rate of Death Gratuity	Amount of Death Gratuity
Less than one year	2 times of emoluments	Rs. 33,060
One year or more but less than 5 years	6 times of emoluments	Rs. 99,180
5 years or more but less than 20 years	12 times of emoluments	Rs. 1,98,360

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Rules for Revised Pay, Allowances & Other along with Arrears claims

Friends, as you know near about all over India implemented 6th Pay, and more state also implemented 6th Pay. As per notification of UGC regarding 6th Pay some Rules for revised pay and allowance & others along with 39 months arrears claims as follows:

1. The revised scales of pay and revised rates of Dearness Allowance under this scheme shall be effective from 1.01.2006 and the non-compounded advance increments / special allowances as applicable shall take effect from 1.09.2008.
2. Pay in the revised pay structure is payable in cash from 1st day of April 2009. The 80% of the amount of arrears admissible for the period from 1st day of January 2006 to 31st March 2009 will be paid in cash on receipt of the grants from Government of India. The remaining 20% amount will be credited to Provident Fund as per the procedure adopted for the State Government Employees.
3. The amount of arrears admissible shall be the net amount –
   

• after deduction of arrears of Profession Tax payable on revised amount of pay,
• after deducting increased amount of license fee payable on revised pay in respect of occupying Government quarter,
• after adjusting the amount of advance sanctioned vide Government Resolution, Finance Department No. RPS-1208/CR-72/SER-9 dated6th October 2008.
• after adjusting the amount, where subscription to the Provident Fund already made falls short of the minimum prescribed in the Provident Fund rules on the basis of pay fixed in the revised pay structure.
• after deducting the appropriate Income Tax.
• after adjustment of Government dues, if any payable for the period from 1.1.2006 to 31.03.2009.

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Register & Free Download : Income Tax Calculator, Income Tax Slab, ITR-1 to ITR-8 & othe more.

Friends, as per Government of India and according to Union Budget 2010-11, a few changes have been made in Income Tax structure. Here is a glimpse to new Income Tax calculation procedure :

• The relaxation limit under section 80C has been increased to Rs. 1 lakhs. & Rs. 20000 for Infrastructure Bond it comes to Rs. 120000.00
  
• Surcharge has also been withdrawn
• The Housing Loan Interest Limit Max. 150000.00
  
• The presumptive tax limit has also been raised to Rs 60 lacs.
• Announcement of a deduction of Rs 20000 on investment in infra bonds

The income tax calculator for Financial Year "2010 11" - Use the latest income tax calculator for year 2010-2011 for calculating your income tax. Just enter your anual income and let the tax calculator calculates the tax for you. The tax calculator "2010 11" also calculates the difference in tax from previous financial year. This is the latest tax calculator and is based on tax slab 2010-2011.

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This Software run properly with MS Office 2007

Calculate your (Click Here) Income Tax
Calculate your (Click Here) January-2011 Salary
Income Tax (Click Here) Slab
Profession Tax (Click Here) Slab
Download ITR-1 to ITR- 8 Click Here
Download Now New Form No. 16

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e-TDS/e-TCS return without 100% Pan Numbers of Deductees

Friends, before 1.10.2010, there was no provision to submit e-TDS/e-TCS return without having Permanent Account Numbers (PAN) of deductees. Only e-TDS/e-TCS return can be submitted with some tricks. After releasing new codes as C and T for higher rate and for non deduction of TDS for transporter, e-TDS/e-TCS return can be validated without 100% PAN numbers of Deductees. To submit return without having 100% PAN, you have to select higher rate as coded "C" in column named "Reason for non-deduction / lower deduction" as shown in below picture.

No doubt that the return can be uploaded with above suggestion, but if we deduct TDS @ less than 20% as shown in above picture, Income Tax Department will certainly issue notice of balance TDS amount ( 20% TDS Amount - already deducted % of TDS amount) with interest etc. I mean to say to submit accurate TDS return, either TDS amount should be deducted @ 20% or return should be revised after collecting PAN Numbers.

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Guidelines to pay Income Tax through ATM cum Debit Cards

Friends, you can now pay Direct Taxes (Income Tax, TDS etc) using your ATM-cum-Debit Card issued for an account maintained with any of our branches. This will require One Time Registration for getting a secure code (password). For One Time Registration of your Master/Maestro Card click here.

You may click here if you have a Visa Card. To Pay Direct Tax.

1. You are displayed the Tax Information Network webpage of Income Tax Department.. Click the challan no. applicable.
   
2. Enter the PAN, name, address, assessment year, major head, minor head, type of payment etc.
   
3. Select State Bank of India from the list of banks.
4. You will be redirected to the OnlineSBI site.
5. You are displayed options to pay through Internet Banking or ATM cum Debit Cards of SBI.
6. Select ATM cum Debit Cards of SBI and click the Submit button. You will be redirected to payment gateway site.
7. Enter the card details like card number, CVV / PIN number, expiry date, Card holder name etc. and submit.
8. Enter your secure code password and submit.
9. Click the Submit button. You will be redirected to SBI with the account number details of your card number.
10. Enter the actual tax amount now. You will be displayed pre-confirmation page with the tax payment details.
11. Verify the details and click the confirm button.
12. Post confirmation page displays a link to print or download the receipt.
13. You can also generate e-receipt any time subsequently by clicking here.
    

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6th Pay to Deccan College Post Graduate & Research Institute, Pune

Friends, Deccan College Post Graduate & Research Institute, Pune also grant 6th pay as per Government Resolution No. DCI-2009/(134/09 Vishi-4 dated 21 April 2011 as per Government Resolution No. NGC-2009/243/09/UNI-1 dated 12 August, 2010 from 01.01.2006.

All the benefits as per other universities is also applicable to Deccan College Post Graduate & Research Institute, Pune

The Maharashtra State Government further declared that the pay fixation is made soon.

All the terms & conditions applied to Deccan College Post Graduate & Research Institute, Pune as stated in Government Resolution datad 12 August 2010.

Government Resolution (Click Here)
6th Pay Calculator (Click Here)
Fitment table (Click Here)
Pay Fixation work as per GR dated 12.8.2009 (Click Here)

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Register & Free Download: New Format of TDS Return for Fin. Yr. 2010-11 & onwards with TDS e-Return Utility.

Friends, as you know TIN-NSDL updates data for TDS/TCS & Income Tax regularly. It helps you to revised your return if their is any correction. The TIN-NSDL provides Software with best utility for taxpayer or tax deductor. In case you are submitting uncorrected annual e-TDS/TCS return and wants to file the new entire e-TDS/TCS return (and not only the amendments to the e-TDS/TCS return) along with all the documents submitted at the time of filing original e-TDS/TCS return. You should also file a copy of the Provisional Receipt issued earlier for the original e-TDS/TCS return along with the corrected e-TDS/TCS return. You should also mention on the top right hand corner of Form 27A that e-TDS/TCS return being filed is on account of any rectification other than missing PAN(s) or on account of incorporation of missing PAN(s).

So, TDS return software is worst as per this data. In this connection the TIN-nsdl himself provided you helps. For e-Return preparation utility provided by NSDL free Software and can be downloaded from here.

Register Now : (Click Here)

For statements pertaining to FY 2010-11 and onwards

• File Format for Form 24Q (1st, 2nd & 3rd Quarters).
• File Format for Form 24Q (4th Quarter).
• File Format for Form 26Q Q1 to Q4.
• File Format for Form 27Q Q1 to Q4
• File Format for Form 27EQ Q1 to Q4.
  

NSDL e-return Preparation Utility

• e-TDS/TCS RPU (ver 2.3) for statement up to FY 2009-10
  
• Key features of RPU version 2.3
• e-TDS/TCS RPU (ver 2.2) for statement pertaining to FY 2010-11 and onwards
• Key features of RPU version 2.2

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Calculate Online Income Tax easly.

Friends, for the upcoming Financial Year 2010-11, it is necessary to calculate your Income Tax Properly on your Income. I know, each and every Employee face the problem that how to count their Income Tax for Financial Year 2010-11 & Assessment Year 2011-12 with accurate Income Tax Projection. This Calculator gives faclitty to calculate your Income Tax. Enter your March-2010 Amount to calculte your Gross Salary (Approximate). Then Enter your Deductions under Chapter VII and then enter Tax Deduction Amount upto November-2010 and got Income Tax Amount of December-2010, January-2010 & February-2011. This difficulty solved by Gsoftnet and save the time of Government Employee. So don't go any where and don't west your time and money, run with Gsoftnet.

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Calculate your Income from A. Y. 2002-03 to 2012-13

Friends,

As you know that inn pick time every assessee have face the problem that how to calculate their Income Tax for their Annual Income. Due to this problem more taxpayee calculate their Income Tax wrong and pay more Income Tax unnecessarily to the Government and thus they come in trouble.

I know this difficulty of Tax Calculation always come in March Month of Calender year.

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Submit eReturn today get quick Refund in a month.

Friends, the Central Board of Direct Taxes (CBDT) day by day announced more schemes for tax payee in order to popularized and encourage tax payers to electronically file their returns. The CBDT further announced one more package to lure taxpayers to file e-returns i.e. quick e-Return File and get quick Refund. The CBDT promised that, if tax payee submit their annual return by e-Return Filing process then in-case the employee have any refund the CBDT provides immediately.

All tax-payee well known about refunds process, take about 7 - 12 & more month from the date of submission of return, but in case of electronically filed return, refunds where due, will be processed in a month's time now. The Chairman of CBDT Shri Sudhir Chandra stated that the idea behind this incentives was that “We want tax-payers to file electronically as that helps in faster processing of refunds.”

This processes gives happiness to tax-payee because ‘E-filing ensures that tax payers’ information on income, taxes and refunds are uploaded in the tax system instantly and tax computations are processed on a real-time basis’. On the other hand e-filing of return is mandatory for all companies but optional for individuals, HUF's etc.

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Ammendment: Profession Tax of Maharashtra State

Friends, Maharashtra State Government recently announced Budget and the Finance Minister offered a mixed bag for the industry, trade and individuals subjected to professional tax. Keeping in mind not the economic slowdown but the forthcoming State Assembly polls in October, the Finance Minister of Maharashtra State has announced exemption of salary upto Rs 5000 from professional tax and also introduced an amnesty scheme for professional taxpayers. This scheme will come into force from July-10.

Profession Tax is a State level Tax in India on Professions, Trades, Callings and Employments.

The following Indian states levy Profession Tax – West Bengal, Karnataka, Maharashtra, Andhra Pradesh, Gujarat, Tamilnadu and Madhya Pradesh.

Profession Tax in Maharashtra

In Maharashtra (Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975), Profession Tax is applicable both on Individuals & Organizations (Company, Firm, Proprietary Concern, Hindu Undivided Family (HUF), Society, Club, Association Of Persons, Corporation or any other corporate body in Maharashtra per the provisions of the Maharashtra Professional Tax Act of 1975.

Profession Tax For Individuals in Maharashtra

Every person residing in Maharashtra engaged in any profession, trade, calling or employment is liable and has to obtain a Certificate of Enrolment from the Profession Tax Authority.

Once this certificate is obtained, the person can discharge their individual tax liability for five years by paying lumpsum amount equal to the amount of Profession Tax for four years in advance, getting relief for one year’s payment.

Exempted Individuals in Maharashtra

The following persons are exempted from the provisions of the Profession Tax Act in Maharashtra :

Senior Citizen above 65 years age.

Handicapped Person with more than 40 % disability or parent of a physically disabled or mentally retarded child.

Profession Tax For Organizations:-

An employer organization is required to get registered under the Profession Tax Act and obtain a Registration Certificateunder which the payment in respect of taxes deducted from employees salaries can be made.

Also as a firm, the organization is required to obtain Enrolment Certificate and pay Profession tax on it’s behalf.

Periodicity of Returns

For employers holding Registration Certificate, the period of returns to be filed on basis of annual tax liability amounts are as follows :

• Annual Profession Tax Liability <>- Annual Return.
• Annual Profession Tax Liability >= Rs. 5000 but <>- Quarterly Returns.
• Annual Profession Tax Liability >= Rs. 20000 - Monthly Returns.

Returns are required to be filed on or before the last date of the month to which the return relates.

It should contain details of salaries paid and the amount of tax deducted in respect of the month immediately preceding the month to which the return relates.

Due dates for payment of Profession Tax and for filing the returns in Maharashtra:-

For the persons holding Enrolment Certificate - 30th June.

For any delay in the same, interest @ 1.25% per month will be charged.

Bank payment challans to be received by all Enrolment Certificate holders by mid June.

Profession Tax Penalties

• Delays in obtaining Enrolment or Registration Certificate – Penalty of Rs. 2/= (Rupees Two) per Day.
• Providing false information regarding enrolment – Penalty of 3 times tax amount.
• Non-payment of profession tax – Penalty equal to 10% of the amount of tax can be imposed.

Schedule of rates of tax on professions, trades, callings and employments after Budget:

Although new rates been passed in budget but they shall come into force on such date as the state Government may, by notification in the Official Gazette, appoint. ((Government of Maharashtra appointed the 1st July 2009 to be the date from which new profession rates will come into force)

Sr.	Class of Persons	Rate of Tax
No.
1	2	3
1	Salary and wage earners. Such persons whose monthly salaries or wages,
	(a) exceed rupees 5,000 but do not exceed rupees 10,000	175 per month
	(b) exceed rupees 10,000	2500 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
2	(a) Legal Practitioners including Solicitor and Notaries;	2500 per annum
	(b) Medical Practitioners, including Medical Consultants and Dentists;	2500 per annum
	(c) Technical and Professional Consultants, including Architects,	2500 per annum
	Engineers, R.C.C. Consultants, Tax Consultants, Chartered Accountants, Actuaries and Management Consultants;
	(d)Chief Agents, Principal Agents, Insurance Agents and Surveyors and Loss Assessors registered or licensed under the Insurance Act, 1938, U.T.I. Agents under U.T.I. Scheme, N.S.S. agents under postal Scheme;	2500 per annum
	(e)Commission Agents, Dalals and Brokers (other than estate brokers covered by any other entry elsewhere in this Schedule);	2500 per annum
	(f)All types of Contractors (other than building contractors covered by any other entry elsewhere in this Schedule); and	2500 per annum
	(g)Diamond dressers and diamond polishers; having not less than one year’s standing in the profession.	2500 per annum
3	(a) Members of Association recognised under the Forward Contracts (Regulations) Act, 1952	2500 per annum
	(b) (i) Member of Stock Exchanges recognised under the Security Contracts (Regulation) Act, 1956;	2500 per annum
	(b) (ii) Remisiers recognised by the Stock Exchange;	2500 per annum
4	(a) Building Contractors;	2500 per annum
	(b) Estate Agents, Brokers or Plumbers, having not less than one year’s standing in the profession.	2500 per annum
5	Directors (other than those nominated by Government) of Companies registered under the Companies Act, 1956, and Banking Companies as defined in the Banking Regulation Act, 1949,Explanation : The term ‘Directors’ for the purpose of this entry will not include the persons who are Directors of the companies whose registered offices are situated outside the State of Maharashtra and who are not residing in the State of Maharashtra.	2500 per annum
6	(a) Bookmakers and Trainers licensed by the Royal Western India Turf Club Limited;	2500 per annum
	(b) Jockeys licensed by the said Club	2500 per annum
7	Self-employed persons in the Motion Picture Industry, Theatre, Orchestra, Television, Modelling or Advertising Industries, as follows:
	(a) Writers, Lyricists, Directors, Actors and Actresses (excluding Junior Artists), Musicians, Play-back Singers, Cameramen, Recordist, Editors and Still-Photographers,	2500 per annum
	(b) Junior Artists, Production Managers, Assistant Directors, Assistant Recordists, Assistant Editors and Dancers.	1000 per annum
8	Dealers registered under the Maharashtra Value Added Tax Act, 2002, or Dealers registered only under the Central Sales Tax Act, 1956, whose annual turnover of sales or purchases,-
	(i) is rupees 25 lakh or less	2000 per annum
	(ii) exceeds rupees 25 lakh	2500 per annum
9	Occupiers of Factories as defined in the Factories Act, 1948, who are not covered by entry 8 above	2500 per annum
10	(1)(A) Employers of establishments as defined in the Bombay Shops and Establishment Act, 1948, where their establishments are situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 – Such employers of establishments,-
	(a) where no employee is employed	1000 per annum
	(b) where not exceeding two employees are employed	2000 per annum
	(c) where more than two employees are employed	2500 per annum
	(B) Employers of establishments as defined in the Bombay Shops and Establishments Act, 1948, where their establishments are not situated within an area to which the aforesaid Act applies, and who are not covered by entry 8 –
	Such employers of establishment,-
	(a) where no employee is employed	500 per annum
	(b) where not exceeding two employees are employed,	1000 per annum
	(c) where more than two employees are employed	2500 per annum
	(2) Persons owning / running STD / ISD booths or Cyber Cafes, other than those owned or run by Government or by physically handicapped persons;	1000 per annum
	(3) Conductors of Video or Audio Parlours, Video or Audio Cassette Libraries, Video Game Parlours;	2500 per annum
	(4) Cable Operators, Film Distributors;	2500 per annum
	(5) Persons owning / running marriage halls, conference halls, beauty parlours, health centres, pool parlours;	2500 per annum
	(6) Persons running / conducting coaching classes of all types	2500 per annum
11	Owners or Lessees of Petrol / Diesel / Oil Pumps and Service Stations / Garages and Workshops of Automobiles	2500 per annum
12	Licensed Foreign Liquor Vendors and employers of Residential Hotels and Theatres as defined in the Bombay Shops and Establishments Act, 1948.	2500 per annum
13	Holders of permits for Transport Vehicles granted under the Motor Vehicles Act, 1988, which are used or adopted to be used for hire or reward, where any such person holds permit or permits for,-
	(a) three wheeler goods vehicles, for each such vehicle	750 per annum
	(b) any taxi, passenger car, for each such vehicle	1000 per annum
	(c) (i) goods vehicles other than those covered by (a)	1500 per annum
	(c) (ii) trucks or buses	1500 per annum
	for each such vehicle :
	Provided that the total tax payable by a holder under this entry shall not exceed rupees 2,500 per annum.
14	Money lenders licensed under the Bombay Money-lender Act, 1946	2500 per annum
15	Individuals or Institutions conducting Chit-Funds	2500 per annum
16	Co-operative Societies registered or deemed to be registered under the Maharashtra Co-operative Societies Act, 1960 and engaged in any profession, trade or calling –
	(i) State level Societies	2500 per annum
	(ii) Co-operative sugar factories and spinning Mills	2500 per annum
	(iii) District level Societies	750 per annum
	(iv) Handloom weavers co- operative societies	500 per annum
	(v) All other co-operative societies not covered by clauses (i), (ii),(iii) and (iv) above.	750 per annum
17	Banking Companies, as defined in the Banking Regulation Act, 1949.	2500 per annum
18	Companies registered under the Companies Act, 1956 and engaged in any profession, trade or calling.	2500 per annum
19	Each Partner of a firm (whether registered or not under the Indian Partnership Act, 1932) engaged in any profession, trade, or calling.	2500 per annum
20	Each Co-parcener (not being a minor) of a Hindu Undivided Family, which is engaged in any profession, trade or calling.	2500 per annum
21	Persons other than those mentioned in any of the preceding entries who are engaged in any profession, trade, calling or employment and in respect of whom a	2500 per annum
	notification is issued under the second proviso to sub-section (2) of section 3

Note: 1.

Notwithstanding anything contained in this Schedule, where a person is covered by more than one entry of this Schedule, the highest rate of tax specified under any of those entries shall be applicable in his case. This provision shall not be applicable to entry 16(iv) of the schedule.

Note: 2.

For the purposes of Entry 8 of the Schedule, the Profession Tax shall be calculated on the basis of the “turnover of sales or purchases” of the previous year. If there is no previous year for such dealer, the rate of Profession Tax shall be Rs. 2000. The expressions “turnover of sales” or “turnover of purchases” shall have the same meaning as assigned to them, respectively, under the Maharashtra Value Added Tax Act, 2002. ”

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