Profession Tax (P.Tax) slab in Madhya Pradesh have been revised. New rates will be applicable w.e.f. 01-04-2018.
Madhya Pradesh government in its finance budget 2018 have amended the professional tax slab rates for employees. The new PT rates aim at providing some relief to the salaried employees and increase their take home salary.
|Below Rs. 225000
|Rs. 225000 – Rs. 300000
|Rs. 300000 – Rs. 400000
|Above Rs. 400000
PT is deducted from the monthly salary of the employees in equal installments and deposited with the department using professional tax
Below will be the actual monthly PT deduction rate:
|Below Rs. 18750
|Rs. 18750 – Rs. 25000
|Rs. 25000 – Rs. 33333
|Above Rs. 33333