Professional Tax Return

PROFESSIONAL TAX RETURN:-

Professional tax is the tax imposed by the government on all individuals who are salaried professionals or are professionals such as lawyers or doctors. This tax of Madhya Pradesh depends on the tax slab rate prevalent in Madhya Pradesh.

This is a common tax that people who are in any kind of profession, occupation, vocation, and employment, need to pay according to the earnings threshold that is specified by the government. This is also referred to as the Madhya Pradesh Vritti Kar Adhiniyam, 1995 and applies to the entire state of Madhya Pradesh.

If a person registers before the start of a financial year or on or before 31st August of a financial year, they have to pay P tax in MP before 30th September of that financial year. If a person registers their business after 31st August of a financial year, they must pay P tax in MP within 30 days of registration.

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