digilekha

Profession tax was introduced in the year 1975 in Maharashtra. The intention was to raise the resources needed for implementing the Employment Guarantee Scheme and to provide for establishment of the Employment Guarantee fund. The salaries of persons and the businessman/ professionals have to pay profession tax in Maharashtra. The employment guarantee scheme of Maharashtra is now converted to centrally funded employment guarantee scheme via MGNREGS. With introduction GST on 1st July 2017, the indirect taxes of the country are subsumed under GST. Except Profession tax. Yes, Profession tax levy is persisting independently. It is the owner’s/ company’s responsibility to deduct the profession tax from the salaries of the employees and deposit it to Government. Also, the business entities and professionals have to get their own profession tax number and deposit the profession tax to the Government every year. The rate of profession tax is prescribed in the profession tax act under various S...