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Madhya Pradesh Profession Tax Act, 1995 - SCHEDULE
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Body

SCHEDULE

(See Section 3)

Schedule of Rates of Tax on Professions, Trades, Callings and Employments

S. No. Class of persons

Rate of tax per annum
1 2 3
1 Persons in employment whose annual salary or wage -  
  (a) does not exceed rupees 2, 25,000 Nil
  (b) exceeds rupees 2,25,000 but does not exceed rupess 3,00,000 Rupees 1500 (Rupees 125 per month.

  (c) exceeds rupees 3,00,000 but does not exceed rupess 4,00,000 Rupees 2000 (Rupees 166 per month for eleven months and rupees 174 for twelfth month)
  (d) exceed rupees 4,00,000 Rupees 2500 (Rupees 208 per month for eleven months and rupees 212 for twelfth month)

Explanation.- For the purpose of this entry where a person ceases to be in employment before the end of any year liability to pay the tax for that period shall be proportionately reduced.

2. Dealer registered under the Madhya Pradesh Vat Act, 2002 (No. 20 of 2002) and/or person registered under the Madhya Pradesh Goods and Services Tax Act, 2017 (No. 19 of 2017) whose annual turnover :

 

  (a) does not exceed rupees 20 lacs. Nil
  (b) exceed rupees 20 lacs Rupees 2500

3.

A dealer or person engaged in the sale or supply of goods or service but not registered either under the Madhya Pradesh Vat Act, 2002 (No. 20 of 2002) or the Madhya Pradesh Goods and Services Tax Act, 2017 (No. 19 of 2017), whose annual gross turnover or receipt :

 

  (a) does not exceed rupees 20 lacs Nil
  (b) exceed rupees 20 lacs Rupees 2500".