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.
|
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 |