Professional Tax :
Meghalaya
As per the annual salary slabs, the Meghalaya Professions, Trades, Callings and Employments Taxation Act, 1947 makes it mandatory for the employer to deduct Professional Tax. Full exemption is provided for gross annual income up to Rs.50,000. For incomes above Rs.5,00,001 the maximum flat rate of Rs.2,500.00 per annum applies (monthly deductions up to Rs.208.00). These payroll liabilities need to be systematically pulled and filed via the electronic portal, strictly by the 28th of each month, in order to keep clean corporate compliance and avoid a 2% monthly interest penalty.
Act Information
Act:Meghalaya Professions, Trades, Callings & Employments Taxation Act, 1947
Rule:Meghalaya Trades, Callings and Employment (Amendment) Rules 2022
Applicability:It applies on Employers who have workers in Meghalaya and Self-employed people, professionals, traders, and business owners who make more than the threshold.
Professional Tax Slabs
S.No.:1
Category:Annual gross of people
Frequency:Per annum
Professional Tax Paid:-
S.No.:a
Category:Up to Rs. 50000
Frequency:Annually
Professional Tax Paid:0
S.No.:b
Category:Rs. 50001 to 75000
Frequency:Annually
Professional Tax Paid:200
S.No.:c
Category:Rs 75001 to 100000
Frequency:Annually
Professional Tax Paid:300
S.No.:d
Category:Rs 1,00,001 to Rs. 1,50,000
Frequency:Annually
Professional Tax Paid:500
S.No.:e
Category:Rs. 1,50,001 to 2,00,000
Frequency:Annually
Professional Tax Paid:750
S.No.:f
Category:Rs. 2,00,001 to 2,50,000
Frequency:Annually
Professional Tax Paid:1000
S.No.:g
Category:Rs. 2,50,001 to 3,00,000
Frequency:Annually
Professional Tax Paid:1250
S.No.:h
Category:Rs. 3,00,001 to 3,50,000
Frequency:Annually
Professional Tax Paid:1500
S.No.:i
Category:Rs. 3,50,001 to 4,00,000
Frequency:Annually
Professional Tax Paid:1800
S.No.:j
Category:Rs. 4,00,001 to 4,50,000
Frequency:Annually
Professional Tax Paid:2100
S.No.:k
Category:Rs. 4,50,001 to 5,00,000
Frequency:Annually
Professional Tax Paid:2400
S.No.:l
Category:More than 5 Lakhs
Frequency:Annually
Professional Tax Paid:2500
Employment Categories
Category:Annual gross of people
Applicability Date:Yearly
Return Date:By 30 March
Penalty:Penalty of 10% with 2% interest on late payment and on late return will lead to Rs 1000 fine.