PTax Professional Tax Calculation formula in Excel Add Ins Free Download
Formulas Name: = PTAX(STATE,SALARY)
P.Tax calculation for following states:
1. MAHARASHTRA
2. JHARKHAND
3. WEST BENGAL
4. TELANGANA
5. ANDHRA PRADESH
6. ASSAM 7. BIHAR
8. GUJARAT
9. KARNATAKA
10. MADHYA PRADESH
11. MANIPUR
12. ODISHA
13. TRIPURA
14. PUNJAB
15. TAMIL NADU
16. KERALA
The Office of the Commissioner of State of Maharashtra has published the attached trade circular for Exemption for payment of Late fees u/s 6(3) of the Maharashtra State Tax on Profession, Trades and Callings and Employment Act 1975.As per the notification ,The Government of Maharashtra, Finance Department in exercise of the power conferred under Section 6(3) of The Maharashtra State Tax On Professions, Trade, Callings, And Employments Act, 1975 had amended the earlier Government Notification (Finance Department, No. PFT-2014/C.R.-38/Taxation-3 dated 21st August 2014) on 22nd June 2020. The changes was introduced to help those for the employers who couldn’t submit the tax or return up to the month of June 2020 which was extended till 31st July 2020. Now as per notification No.PFT 1220/CR 21/Taxation-3 the Government of Maharashtra has further extended the due date to pay tax or submit return on or before 30th September 2020 on the website of the Maharashtra Goods and Service Tax Department. Below is the link of the website.
Consider the PT slab as mentioned below for the reference and the dates for filing the returns
| Salary (INR) | PT Amount | Remarks |
| Upto 7500 | ₹ 0.00 | Nil |
| Between 7501 To 10000 | ₹ 175.00 | Nil for Women |
| Above 10001 | ₹ 200.00 | |
| Above 10001 | ₹ 300.00 | Employer has to deduct on February month only |
Frequency filing of Returns
| Task | Last Date Of Filing Returns |
| Annual Returns | Every year(s) on day 31 of March |
| Monthly Return | Every month on last day |
Government of Maharashtra vide notification no MAHARASHTRA ACT No. XIV OF 2019 has amended Section 5,8,9 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. As per the amendment the penalty clauses have been changed with respect to registration or enrollment, failure to deduct or payment of tax. The amendment has also revised the due date for payment of tax by enrolled person to 31st March of the year in which the rates are revised.
Click here to download notification
Effective Date: 9th Jul, 2019
|
Payment |
Old due date of Payment |
New Due date of Payment As per new Amendment (09-07-2019) |
Employer P.Tax Amount |
|
Employer P.Tax Payment |
30th June every year |
31st March every year |
Rs. 2500/- per year |
Please find below the new tariff for your reference. Also attached herewith the P.Tax Notification for the same.
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| Half Yearly Gross Income | Professional Tax up to 30-Sep-2018 | 01-October-2018 onwards
P.Tax slab rates |
| Upto Rs. 21,000 | NIL | NIL |
| Rs. 21,001 to 30,000 | Rs. 127 | Rs. 171 |
| Rs. 30,001 to 45,000 | Rs. 317 | Rs. 428 |
| Rs. 45,001 to 60,000 | Rs. 634 | Rs. 856 |
| Rs. 60,001 to 75,000 | Rs. 950 | Rs. 1250 |
| Above Rs. 75,000 | Rs. 1250 | Rs. 1250 |
Click here to download notification
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For more details please visit our website www.iptm.org.in
The P.Tax Act/Rules for Punjab have been notified. Below the Professional Tax Checklist for Punjab State.
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| S No. | State | ACT | Mode of deduction | Periodicity of deposition | Due date of P.Tax Payment for Employees | Due date of P.Tax Payment/Annual Return for Employer | Penalty for Late P.Tax Payment | P.Tax Slab rates |
| 1
|
Punjab | Punjab State Development Tax Act, 2018 tax on Professions, Trades, Calling and Employments
|
Monthly
|
Quarterly
|
Employees due date is not prescribed yet.
|
30th April
|
Interest @2% for every month
|
|
Click here to download notification
P.Tax circular from the Maharashtra Government, wherein due to the problems being faced in filing of the online Professional Tax Returns in Maharashtra for the period from April’2016 to November’2018; the same can be filed till 31st December’2018 without any late fee/penalty.
Click here to download P-Tax exemption notification
Revised Professional Tax Slab of Tripura State 2018. Tripura state of India has been revised Professional Tax (P.Tax) slab rate form 25th July 2018. Following table for P.Tax slab of Tripura from 25th July 2018.
| STATE | Income From | Income to | P.TAX |
| TRIPURA | 7001 | 15000 | 150 |
| TRIPURA | 15001 | 99999999999 | 208 |
Direct link to download official notification.