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 |
Click here to subscribe to our help videos
Related Links:
Video - To watch more videos on the greytHR Admin portal, click here.
FAQs - To read more FAQs about Professional Tax, click here.
Documentation:
- To read more about the Professional Tax Location page, click here.
- To read more about the View/Update professional tax slabs page, click here.
Product Update - To read about the product update, click here.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article