Professional Tax :
Madhya Pradesh
The Madhya Pradesh Vritti, Vyapar, Jeevika Aur Rozgar Kar Adhiniyam, 1995 makes it mandatory for the employer to deduct professional tax in tiers as per monthly salary slabs. Employees drawing up to Rs.18,000 are exempted and those drawing between Rs.18,001-Rs.25,000 pay Rs.125.00 and those drawing above Rs.25,000 pay a flat rate of Rs.208.00 per month. These payroll liabilities are to be deducted systematically and submitted via the electronic portal strictly on or before the 10th of the following month to maintain clean compliance and to avoid penalties enforced by the state.
Act Information
Act:Madhya Pradesh Vritti Kar Adhiniyam, 1955
Rule:Madhya Pradesh Vritti Kar Niyam, 1995
Applicability:It applies on Employers taking taxes out of workers' paychecks and People who work for themselves (professionals, traders, contractors)
Professional Tax Slabs
S.No.:1
Category:Salaried Employees
Frequency:-
Professional Tax Paid:-
S.No.:a
Category:Up to Rs. 225000
Frequency:Annually
Professional Tax Paid:0
S.No.:b
Category:Rs. 225001 to Rs 300000
Frequency:Annually
Professional Tax Paid:1500
S.No.:c
Category:Rs. 300001 to Rs. 400000
Frequency:Annually
Professional Tax Paid:2000
S.No.:d
Category:More than Rs. 4 lakhs
Frequency:Annually
Professional Tax Paid:2500
Employment Categories
Category:Salaried Employees
Applicability Date:By 10 of every month (Monthly) or every 3 months starting from 15 January (quarterly)
Return Date:By 10 of every month (Monthly) or every 3 months starting from 15 January (quarterly)
Penalty:Late filing of return led to Rs. 5 per day and maximum up to Rs. 500, 2% penalty per month on late or non-payment and Rs. 5 per day on delayed registration.