Amendment under Maharashtra Profession Tax

One of the notable changes under Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Bill, 2023 is exemption from profession tax payable by the women who draw the monthly salary or wages up to Rupees twenty-five thousand with effect from April 1, 2023.

Accordingly Schedule I is amended as follows:

Salary and wage earners

In case of men, whose monthly salaries, or wages

(a) Does not exceed Rupees seven thousand five hundred – Nil.

(b) Exceed Rupees seven thousand five hundred but does not exceed rupees ten thousand – Rupees one hundred seventy-five per month.

(c) Exceed Rupees ten thousand – Rupees two thousand five hundred per annum to be paid in following manner:

i. Rupees two hundred per month except for the month of February;

ii. Rupees three hundred for the month of February;

In case of women, whose monthly salaries, or wages

(a) Does not exceed Rupees twenty-five thousand – Nil.

(b) Exceed Rupees twenty-five thousand – Rupees two thousand five hundred per annum to be paid in following manner:

i. Rupees two hundred per month except for the month of February;

ii. Rupees three hundred for the month of February.