Posted by & filed under Profession Tax.

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.

Professional Tax Slab In Madhya Pradesh For F.Y. 2018-19

Annual Salary  Annual PT
Below Rs. 225000 NIL
Rs. 225000 – Rs. 300000 1500
Rs. 300000 – Rs. 400000  2000
Above Rs. 400000 2500

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:
Monthly Salary     Monthly PT
Below Rs. 18750 NIL
Rs. 18750 – Rs. 25000 125
Rs. 25000 – Rs. 33333 167
Above Rs. 33333 208

👉MP-BUDGET-2018-19 ( See Yellow Highlighted) 

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