Salaried Taxpayee Claim Deductions of Entertainment Allow. and Professional Tax

DEDUCTIONS U/S 16 OF THE ACT FROM THE INCOME FROM SALARIES

Generally Salaried Taxpayee Deduct only Professional Tax from his Salary while submitting Annual Income Tax Return of every Year.  There are Two Deductions u/s. 16 which claims Salaried Employee from his Salary Income i.e. Entertainment Allowance and Professional Tax.  The maximum Limit of Entertainment Allowance exemption is Rs. 5000 even if salaried taxpayee get more than it.  The details are as under:

Entertainment Allowance 

A deduction is also allowed under section 16(ii) in respect of any allowance in the nature of an entertainment allowance specifically granted by an employer to the assessee, who is in receipt of a salary from the Government, a sum equal to one fifth of his salary(exclusive of any allowance, benefit or other perquisite) or five thousand rupees whichever is less. No deduction on account of entertainment allowance is available to non-government employees.

Tax on Employment 

The tax on employment (Professional Tax) within the meaning of article 276(2) of the Constitution of India, leviable by or under any law, shall also be allowed as a deduction in computing the income under the head "Salaries".  It may be clarified that “Standard Deduction” from gross salary income, which was being allowed up to financial year 2004-05 is not allowable from financial year 2005-06 onwards.

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Don't miss to file Professional Tax e-Return for Fin. Year 2014-15 on or before 31.03.2015.

An employer registered under this Act shall furnish monthly return as per the provisions of clause (c) of sub-rule (3) of rule 11 till the end of the year in which he is granted the certificate of registration Date 14/7/2011.

Professional Tax Department (State Government) had issued a notification VAT/AMD.1010/IB/PT/Adm-6 Date 14/7/2011 regarding  Filling of e-return for all PTRC holders is made mandatory and As per Government Notification No PFT.1012/ C.R.29/ Taxation-3 Date 14-June-2012. every employer holding Profession Tax Registration Certificate (PTRC) shall pay Tax, Interest, Penalty or any amount due and payable by or under the said act electronically With effect from 01-July-2012 is mandatory.

Mode of Return:

• Amount of Profession Tax is exceed Rs. 50000/- annualy they submit PT Return Monthly.
• Profession Tax collection not exceed Rs. 50000/- per annum they submit PT Return Halfyearly or Yearly.

Procedure for PT e-Return:

Tax is to be paid in chalan No MTR-6, and online return should be submitted in Form IIIB. Before submission of online return Employer has to enroll himself for e-services (one time activity).

(For detail process of enrollment of PTRC e-services and filling of e-return, please see the demo at www.mahavat.gov.in >> e-services >> Instruction Sheets for e-services >> PTRC e-services Enrollment and e-return)

Due Date:

• For Financial year 2014-15 due date of PT e-Return is 31st March, 2015.

Penalty:

• If PT Return not lupload in due time Rs. 1000/- charged as Late Fee.

Download PT e-Return Software (Click Here)

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Profession Tax Due Date, Penalty, Deductions and Return Details for Maharashtra State.

The Maharashtra State Tax on Professions, Trades, Callings and Employments Acts, 1975

1. The Act extends to the whole of the State of Maharashtra.

2. "person" means any person who is engaged actively or otherwise in any, trade, calling or employment in the State of Maharashtra, and includes a Hindu undivided family, firm, company corporation or other corporate body, any society, club or association, so engaged, but does not include any person who earns wages on a casual basis.

3. "salary" or "wage" includes pay or wages, dearness allowance and all other remunerations received by any person on regular basis, whether payable in cash or kind, and also includes perquisites and profits in lieu of salary, as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form, and on any account or gratuity.

4. The tax payable under this Act, by any person earning a salary or wage, shall be deducted by his employer from the salary or wage payable to such person, before such salary or wage is paid to him, and such employer shall, irrespective of whether such deduction has been made or not, when the salary or wage is paid to such persons, be liable to pay tax on behalf of all such persons.

5. PTRC: - PROFESSION TAX REGISTRATION CERTIFICATE OBTAINS BY EMPLOYER TO DEDUCT & DEPOSIT PROFESSION TAX FROM EMPLOYEE'S SALARY.

6. PTEC: -PROFESSION TAX ENROLMENT CERTIFICATE OBTAINS BY THE PROFESSIONALS AND SELF- EMPLOYED PERSONS.

7. Where an employer or a person liable to registration or enrolment has failed to apply for such certificate within the required time, the prescribed authority may, after giving him a reasonable " opportunity of being heard, impose penalty of ` 5 for each day of delay in case of such employer and ` 2 for each day of delay in case of such person.

8. Revised Return: - If person discovers any omission or incorrect statement therein, may furnish, a revised return in respect of the period covered by the return, at any time before a notice for assessment is served on him in respect of the period covered by the said return or before the expiry of a period of six months from the end of the year to which such return relates, whichever is earlier.

9. If an employer (not being an officer of Government) fails to pay the tax as required by or under this Act, shall be liable to pay simple interest at 1.25% of the amount of the tax payable for each month for the period, for which the tax remains unpaid.

10. If an enrolled person or a registered employer fails, without reasonable cause, to make payment of any amount of tax, within the required time or date as specified in the notice of demand, the prescribed authority may, after giving him a reasonable opportunity of being heard, impose upon him a penalty equal to 10%, of the amount of tax due.

11. Exemptions: -a) the person who have completed the age of sixty-five years.

                            b) parents of guardians of a child suffering from a physical disability.

Payment Due Dates:-

A) Profession Tax Enrollment Certificate (PTEC) holder-

(Tax is to be paid in chalan no MTR-6)

B) Profession Tax Registration Certificate (PTRC) holder-

(Tax is to be paid in chalan No MTR-6, and online return should be submitted in Form IIIB.)

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Assessment & e-Return Utility and Penalty for Profession Tax.

There are various web-sites provided return/e-return utility.  Maharashtra Government Professional Tax Department had upload a Monthly, Half yearly or Annually Profession Tax Return e-Return Utility Ver. 1.6 (Form-IIIB) but, we developed Profession Tax Assessment Utility for P.T. Deductors.

In case of Salaried employee and Wage earners, the Professional Tax is liable to be deducted by the Employer from the Salary/Wages and the Employer is liable to deposit the same with the state government. In case of other class of Individuals, this tax is liable to be paid by the person himself.

Profession Tax is applicable in following states in India and as per state government Profession Tax Rate, it collected from profession, trade, calling or employment.
1. Maharashtra
2. New Delhi
3. Karnataka
4. West Bengal
5. Madhya Pradesh
6. Tamil Nadu
7. Andhra Pradesh
8. Gujarat

Mode of Return:

• Amount of Profession Tax is exceed Rs. 50000/- annualy they submit PT Return Monthly.
• Profession Tax collection not exceed Rs. 50000/- per annum they submit PT Return Halfyearly or Yearly.

Penalty:

• If PT Return not lupload in due time Rs. 1000/- charged as Late Fee.

Register for Profession Tax.

After deducting P.T. from Employee every month as per slab then it is necessary to submit annual Profession Tax Return within stipulated time.

Download Assessment of Profession Tax Utility
Download Latest Annual Profession Tax Return in FORM-III-B

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Due Date of payment/filing of Profession Tax Returns & Clarification for 2014-15.

Profession Tax Registration Certificate (PTRC) periodicity for 2014-15

(Maharashtra Profession Tax)

From August 2011, filing of e-return and from July 2012, e -payment is mandatory for all PTRC holders.  The periodicity and due date of payment/filing of returns are as under:

Annual tax Liability during 2013-14	Periodicity for 2014-15	Due Date for payment and e-return filling for F.Y 2014-15
is less than Rs. 50,000/-	Yearly	31st March 2015
Tax Liability is equal to or more than Rs. 50,000/-	Monthly	The last date of the month to which the return relates

Clarification :

1. For yearly return period covered by the return shall be 01/04/14 to 31/03/15.  The return shall contain the salary details for the period March 2014 to Feb 2015. 
2. The monthly return shall contain details of the salaries and wages, paid and the amount of tax deducted by him in respect of the month immediately preceding the month to which the return relates.   e.g. Return for the month of April 2014 shall contain the salary details of March 2014.
3. Period mentioned on the Payment chalan and period mentioned in the return shall be same.

Please Note that :-

1. Filling of e-return for all PTRC holders is made mandatory vide Government Notification VAT/AMD.1010/IB/PT/Adm-6 Date 14/7/2011.
2. As per section 6(3), mandatory Late Fees of Rs. 1000/- per return is applicable, if the return is filed after the due date.
3. E-payment is made mandatory to all PTRC holders w.e.f. 1/7/2012 vide Government Notification No PFT.1012/ C.R.29/ Taxation-3 Date 14-June-2012.
4. As per Rule 11A of PT Act, an employer registered under this Act shall furnish monthly return till the end of the year in which he is granted the certificate of registration.

For detail process of e-payment please see the demo available at www.mahavat.gov.in >> e-services >> Instruction Sheets for e-services >> PT e-payment Demo)

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Last Date of Professional Tax e-Return for Fin. Year 2013-14 is 31.03.2014.

An employer registered under this Act shall furnish monthly return as per the provisions of clause (c) of sub-rule (3) of rule 11 till the end of the year in which he is granted the certificate of registration Date 14/7/2011.

Professional Tax Department (State Government) had issued a notification VAT/AMD.1010/IB/PT/Adm-6 Date 14/7/2011 regarding  Filling of e-return for all PTRC holders is made mandatory and As per Government Notification No PFT.1012/ C.R.29/ Taxation-3 Date 14-June-2012. every employer holding Profession Tax Registration Certificate (PTRC) shall pay Tax, Interest, Penalty or any amount due and payable by or under the said act electronically With effect from 01-July-2012 is mandatory.

Mode of Return:

• Amount of Profession Tax is exceed Rs. 50000/- annualy they submit PT Return Monthly.
• Profession Tax collection not exceed Rs. 50000/- per annum they submit PT Return Halfyearly or Yearly.

Procedure for PT e-Return:

Tax is to be paid in chalan No MTR-6, and online return should be submitted in Form IIIB. Before submission of online return Employer has to enroll himself for e-services (one time activity).

(For detail process of enrollment of PTRC e-services and filling of e-return, please see the demo at www.mahavat.gov.in >> e-services >> Instruction Sheets for e-services >> PTRC e-services Enrollment and e-return)

Due Date:

• For Financial year 2013-14 due date of PT e-Return is 31st March, 2014.

Penalty:

• If PT Return not lupload in due time Rs. 1000/- charged as Late Fee.

Download PT e-Return Software (Click Here)

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Due dates of Profession Tax, Exemptions and others.

Profession Tax E-Enrollment :
3rd proviso to Sec 3(2) is inserted from 01.05.2012. Which states that, a person who is liable to pay tax has remained un-enrolled; then, his liability to pay tax under this section for the periods for which he has remained so un-enrolled shall not exceed eight years from the end of the year immediately preceding the year in which he has obtained the enrolment certificate or the year in which the proceeding for enrolment is initiated against him, whichever is earlier.

Rate of Interest :
Under composition scheme of Profession Tax interest is Rs. 200/- p.m , where as in normal case interest upto 30.06.04 - 2 % p.m From 01.07.04 - 1.25 % p.m

E-Return :

Filing of e-Return for Employer is made mandatory with effect from 01-Aug-2011 in form IIIB Form (As per Trade Circular 1T 2012).

New number:
Employers Registered before 22nd July 2007 having old PTRC number can get New PT number automatically by e-enrolling on mahavat.gov.in. Those who are registered from 22.07.07 has already been granted new PTRC number

Multiple Place of business Registration :
If dealer is having multiple place of business following in different jurisdiction of Sales Tax Office, will have to get PTRC number for each such Premises/Branch/Place. That is if place of business is following in same jurisdiction then only one PTRC number should be taken.

Requirement of TAN :
For obtaining Registration Certificate (PTRC), For Principal place of business within the state of Maharashtra mentioning of TAN is optional. However if employer is applying for Registration Certificates for places other than his principal place of business in the state of Maharashtra, then he should also enter TAN number of that other location for which he is making an application.

Exemption from E Registration :
e-Registration is mandatory for all person except for holders of Permit for transport vehicle covered under Entry No.13 of Schedule I of Profession Tax Act granted under the motor vehicles Act 1988. Such Person should directly approach the concerned RTO for Enrollment certificate.

e-Payment :
With effect from 01-July-2012 every employer holding Profession Tax Registration Certificate (PTRC) shall pay Tax, Interest, Penalty or any amount due and payable by or under the said act electronically. (Notification Dated 14-06-2012)

Assessment :

• Where all the rturns are filed by the employer for any year starting on or after the 1st April 2004 within one month from the end of the year to which such returns relate, no order of assessment under the provisos to sub-section (2) in respect of that year shall be made after the expiry of three years from the end of the said year; and if for any reason such order is not made within the period aforesaid, then the returns so filed shall be deemed to have been accepted as correct and complete for assessing the tax due from such employer If return are not filed within time then time limit for assessment is 8 yrs.
• In case of returns pertaining to the years on or before the 31st March 2004, and filed on or before the 30th September 2004, no order of assessment shall be made under the provisos to sub-section (2) on or after the 1st April 2007.

Return Periodicity for Employers :
Previous year Tax Payemnt < Rs.50000/- Annually
Previous year Tax Payemnt > Rs.50000/- Monthly
New Registration Monthly

Time limit for payment of Assessment Dues :
The amount of tax so assessed shall be paid within fifteen (15) days of receipt of the notice of demand from the prescribed authority.

Appeal Time Limit :
Profession Tax appeal can be filed within 60 days from date of receipt of notice of Demand.
Provided that, the appellate authority may admit the appeal after the expiry of the above period, if he is satisfied that there was sufficient cause for the delay.

Help Desk :
Employers/Professionals/Persons having any sort of Queries/problems/suggestions in this respect may contact on Email Id- pteservices@mahavat.gov.in

EXEMPTIONS FOR PAYMENT OF TAX: (SEC. 27A) 

1. The badli workers in the textile Industry.
2. Any person suffering from a permanent physical disability (including blindness) which has the effect of reducing considerably such individual's capacity for normal work or engaging in a gainful employment or occupation.
3. Parents or guardian of any person who is suffering from mental retardation specified in the rules made in this behalf, which is certified by a psychiatrist working in a Government Hospital 
4. The person who have completed the age of Sixty five years.
5. Parents or guardians of a child suffering from a Physical disability as specified in para 2.

DOWNLOAD LATER E-FILING SOFTWARE

Professional Tax : 20th of every month
ESIC                   : 21st of every month
Provident Fund   : 15th of every month
VAT                     : depends on the rule of state,it can be 15/20/25th of every month
TDS                     : 7th of every month
Service tax           : 5th of every month if paid electronically 6th of every month

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Profession Tax Return Software 1.6 Ver and Penalties.

Professional Tax Department has been lunched a Monthly, Half yearly or Annually Profession Tax Return Excel Base Utility Ver. 1.6 (Form-IIIB) to upload Return.

In case of Salaried employee and Wage earners, the Professional Tax is liable to be deducted by the Employer from the Salary/Wages and the Employer is liable to deposit the same with the state government. In case of other class of Individuals, this tax is liable to be paid by the person himself.

Profession Tax is applicable in following states in India and as per state government Profession Tax Rate, it collected from profession, trade, calling or employment.
1. Maharashtra
2. New Delhi
3. Karnataka
4. West Bengal
5. Madhya Pradesh
6. Tamil Nadu
7. Andhra Pradesh
8. Gujarat

Mode of Return:

• Amount of Profession Tax is exceed Rs. 50000/- annualy they submit PT Return Monthly.
• Profession Tax collection not exceed Rs. 50000/- per annum they submit PT Return Halfyearly or Yearly.

Penalty:

• If PT Return not lupload in due time Rs. 1000/- charged as Late Fee.

Register for Profession Tax.
 

After deducting P.T. from Employee every month as per slab then it is necessary to submit annual Profession Tax Return within stipulated time.

Download Latest Annual Profession Tax Return in FORM-III-B

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Profession Tax Return Software Free Download.

Professional Tax is a Tax which is levied by the State Government on the Income earned by the way of profession, trade, calling or employment. Professional Tax in India is collected by some state governments themselves while in several other states which have active Panchayats, the local bodies themselves levy and this tax. This form of tax was first levied in India in the year 1949 and the power to levy Professional Tax has been given to the States by way of Clause (2) of Article 276 of the Constitution of India.

In case of Salaried employee and Wage earners, the Professional Tax is liable to be deducted by the Employer from the Salary/Wages and the Employer is liable to deposit the same with the state government. In case of other class of Individuals, this tax is liable to be paid by the person himself.

Profession Tax is applicable in following states in India and as per state government Profession Tax Rate, it collecte from profession, trade, calling or employment.
1. Maharashtra
2. New Delhi
3. Karnataka
4. West Bengal
5. Madhya Pradesh
6. Tamil Nadu
7. Andhra Pradesh
8. Gujarat

Where you register for Profession Tax ?

After deducting P.T. from Employee every month as per slab then it is necessary to submit annual Profession Tax Return within stipulated time.

Download Latest Annual Profession Tax Return in FORM-III-B

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How TDS Deductor registered on Tax Information Network (TIN)? FAQs.

Who is a migrated user?
Users who have registered their TAN with TIN (and possess TAN Registration Number) are being migrated to TRACES. Such users are being referred to as migrated users and these TIN users (deductors) need not register on TRACES as new user.

I am an existing user in TIN. How do I register in TRACES?
If you have registered your TAN on TIN and have a TAN Registration Number, your details will be migrated from TIN to TRACES. Such users will have to login to TRACES for first time using User Id and Password as in TIN for your TAN registration account. After successful login using TIN credentials, user will have to enter few additional details which have not been migrated from TIN to TRACES. After this short registration process, user will have to activate their account. User will then be able to login to TRACES after account is activated. Activation process for migrated user will be similar to as for normal user registering on TRACES.

For a migrated user, will the User Id and Password change in TRACES?
User Id will not change for a migrated user and it will be same as for your TAN registration account in TIN. Password must be changed during first time login to TRACES. After activation of your account in TRACES, user must login to TRACES using existing User Id and new Password.

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Online Annual Profession Tax e-Return.

Friends, as per Maharashtra State Tax on Professions, Traders, Calling and Employments Act, 1975, the Profession tax should be paid compulsory by the Employee of Maharashtra State as well as all the Traders, Business Men, Calling and Employments authority should also be paid Profession Tax compulsory.

Enter your Email ID at the top of Site for further Fee Updates

Old Slab of Profession Tax for Salary Persons

Sr. No.	Amount of Taxable Gross Income	Tax Amount
1	Do not exceed Rs. 2500	NIL
2	Exceed Rs. 2500 but not exceed Rs. 3500	Rs. 60
3	Exceed Rs. 3500 but not exceed Rs. 5000	Rs. 120
4	Exceed Rs. 5000 but not exceed Rs. 10000	Rs. 175
5	Exceed Rs. 10000	Rs. 200 per Month up to 11 months and at the month of February Rs. 300 i.e. Rs. 2500 Compulsory

How to Submit your eReturn of Your Profession Tax Click Here

Download here Auto eReturn File

New Slab of Profession Tax for Salary Persons

Sr. No.	Amount of Taxable Gross Income	Tax Amount
1	Do not Exceed Rs. 10000	Rs. 175
5	Exceed Rs. 10000	Rs. 200 per Month up to 11 months and at the month of February Rs. 300 i.e. Rs. 2500 Compulsory

For More Detail about Profession Tax Click Here

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Tax on Employment (Profession Tax) [Section 16(iii)]

Where an employee has paid tax on employment under the relevant State Law, the tax so paid or recovered from his salary is deductible from his gross salary income. The deduction is available in the year in which the tax is actually paid by the employee.

Perquisites - is gain or profit incidentally made from employment in addition to regular salary or wages. It is defined in section 17(2) of the Act. Perquisites can be broadly divided in following three categories:

• Rent-free accommodation -section 17(2)(i)
• Concession in rent –section 17(2)(ii)
• Benefit or amenity given to a specified employee-section 17(2)(iii). The valuation of perquisites is provided in Rule 3 of the Income tax Rules. With effect from A.Y. 2006-07 the Fringe Benefits prescribed for the purpose of Section 17(2)
• exclude the Fringe Benefits chargeable to tax under Chapter XII-H. The Fringe benefits prescribed u/s 17(2)
• include -
  

• interest free or concessional loan.
• Use of movable asset
• Transfer of movable asset.
  

Maximum amount under article 276(2): As per article 276(2) of the constitution ,State Govt , municipality or other authority which is authorized under article 276(2) can impose professional tax on employment from a person maximum up to 2500/year.

Maximum amount under article 276(2): As per article 276(2) of the constitution ,State Govt , municipality or other authority which is authorized under article 276(2) can impose professional tax on employment from a person maximum up to 2500/year.

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Updated Profession Tax Slab in Maharashtra for Fin. Year 2011-12 w.e.f. July-2010.

In its recent Budget Maharashtra State Govt. 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 < Rs. 5000 - Annual Return.
• Annual Profession Tax Liability >= Rs. 5000 but < Rs. 20000 - 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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