11833-237-Ikkis-A(Pra.)Adhi.

What it says

The Act that substituted serial numbers 1 to 10 of the Schedule to the Madhya Pradesh Vritti Kar Adhiniyam, 1995, with effect from 1 April 2018. For people in employment the tax bands on annual salary or wages: nil to ₹2,25,000, ₹1,500 a year to ₹3,00,000, ₹2,000 a year to ₹4,00,000 and ₹2,500 a year above that, the last two collected as eleven equal months and a higher twelfth. It also inserted section 22-क, letting the State Government amend the Schedule by notification after prior notice.

What was taken from it

The figures and statements this desk reads off this document, as extracted. Each one is shown on the topic page it belongs to: Professional tax · Madhya Pradesh.

Basis

The bands are on annual salary or wages, not on a month's pay

Dealers

Separately, a dealer registered under the MP VAT Act 2002 or the MP GST Act 2017 pays ₹2,500 a year above ₹20 lakh of annual turnover and nil at or below it; an unregistered person in the sale or supply of goods or services is on the same line by gross turnover or receipts

Monthly

₹125 a month at the ₹1,500 band; ₹166 for eleven months and ₹174 in the twelfth at the ₹2,000 band; ₹208 and ₹212 at the ₹2,500 band

Part Year

Where a person does not remain in employment before the end of a year, the liability for that period is proportionately reduced

Schedule Amendment

Section 22-क lets the State Government amend the Schedule's items and rates by notification, after prior notice in the Gazette, each notification being laid before the Assembly

Slab 1500

Above ₹2,25,000 and up to ₹3,00,000: ₹1,500 a year

Slab 2000

Above ₹3,00,000 and up to ₹4,00,000: ₹2,000 a year

Slab 2500

Above ₹4,00,000: ₹2,500 a year

Threshold

Above ₹2,25,000 of annual salary or wages

Where this is cited

• Professional tax · Madhya Pradesh