Profession tax is imposed by state governments in India. It is tax levied and collected from persons in employment, profession or trade for the benefit of the respective state.
Various states in India levy Profession Tax but not all states. We shall help you understand the Maharashtra state laws pertaining to Profession Tax. Profession tax in Maharashtra is governed by the Maharashtra State on Professions, Trade, Callings and Employments Act, 1975
Every person who earns income from following is liable for Profession tax:
But it specifically excludes
The profession tax liability is based on the following
In Maharashtra there is a ceiling limit on maximum Profession Tax payable during the year – Profession tax payable during the year cannot exceed INR 2,500/-
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