Professional tax (PT) is a tax imposed by state governments in India on individuals who earn a salary or income through a profession, trade, calling, or employment. It is governed by the respective state's Professional Tax Act or Rules.
The Government of Madhya Pradesh has revised the Professional Tax slab rate payable by the employees employed in the private sector. The new rates will be applicable to w.e.f. 01-04-2018.
Following are the annual professional tax rates of Madhya Pradesh:
Annual Salary | Annual PT |
Below Rs.225000 | Nil |
Rs. 225000 – Rs. 300000 | 1500 |
Rs. 300000 – Rs. 400000 | 2000 |
Above Rs. 400000 | 2500 |
Following are the monthly professional tax rates of Madhya Pradesh:
Monthly Salary | Monthly PT |
Below Rs. 18750 | Nil |
Rs. 18750 – Rs. 25000 | 125 |
Rs. 25000 – Rs. 33333 | 167 |
Above Rs. 33333 | 208 |
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