Professional Tax or PT is the tax which is applied on all types of professions such as salaried individuals of both government and non-governmental organizations and on private practitioners such as doctors, engineers, accountants lawyers etc.
In this post the Professional Tax slab rate in Madhya Pradesh state has been discussed.
The state of Madhya Pradesh charges Rs. 2500 per annum as professional tax, which is the maximum value allowed under deduction.
The PT rate of Madhya Pradesh is divided between the financial years as follows:
|Monthly Salary||Professional Tax Per Month|
|Up to Rs 12,500||Nil|
|Rs 12,501-Rs 14,999||Rs 125|
|Above Rs 15,000||Rs 208 from Apr to Feb & Rs 212 in March|
|Yearly Salary||Professional Tax|
|1,80,001 and above||Rs 2500*|
* For 11 months i.e, April to February Rs. 208 and in the month of March Rs. 212.
Related topics: Professional tax slab in West Bengal for 2016-17.