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Revised Rates of Professional Tax in Maharashtra

As per the Service No. 24/18 of MSTVAT News 2014, the Maharashtra State Tax on Professions, Trades, Callings and Employment Acts 1975 has been amended through the Maharashtra Tax Laws (Levy, Amendment and Validation) Act 2014 dated 9th June, 2014 with effect from 1st July 2014.

Based on this order, we have amended the new slabs rates. They will be effective in greytHR from 16th July, 2104.

 

Here is the latest update and is effective from 1 July 2014

Employees earning monthly salary or wages

Rate of Tax/Month

(i) Up to Rs.7,500

Nil

(ii) Rs.7,501 -  Rs. 10,000

Rs. 175

(iii) Above Rs.10,000

Rs. 200*

 * For the month of February

Rs. 300

 

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