The Madhya Pradesh State Tax on Professions, Trades, Callings and Employment Act, 1995

The Madhya Pradesh State Tax on Professions, Trades, Callings and Employment Act, 1995 (commonly know as Profession Tax Act) with the object of levying tax on professions, trades, callings and employments. It extends to the whole state of Madhya Pradesh.

  • Profession Tax shall be collected every month.
  • For Rs.1,50,001-1,79,000 slab, deduct Rs.125 per month.
  • For Rs.1,80,000 and above slab,  deduct Rs. 208 for eleven months and Rs. 212 for the twelfth month.
  Yearly Salary Range        PT/Year 
Up to Rs.1,50,000 0
Rs.1,50,001 to Rs. 1,79,000 Rs.1,500
Rs. 1,80,000 and above Rs.2,500 

 

Compliances


Applicability

An act to provide for the levy of a tax on professions, trades, callings and employments in Madhya Pradesh. Be it enacted by the Madhya Pradesh Legislature in the Forty-Sixth year of the Republic of India as follows : Sec. 1 : Short title, extent and commencement (1) This Act may be called the Madhya Pradesh Vritti Kar Adhiniyam, 1995.

(2) It extends to the whole of Madhya Pradesh. (3) It shall be deemed to have come into force on the 1st day of April, 1995. 

References

Acts & Amendments

Bare Act

100% statutory compliance

All statutory deductions for PF, ESI, Professional tax, IT, etc., are automatically updated by our payroll system as per the latest laws and amendments.

100% statutory compliance

All statutory deductions for PF, ESI, Professional tax, IT, etc., are automatically updated by our payroll system as per the latest laws and amendments.