Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
Maharashtra slabs
Nil up to ₹7,500; ₹175 for ₹7,501–10,000; ₹200/month above ₹10,000 (₹300 in February). Confirm current slabs.
₹2,500 annual cap
The total never exceeds ₹2,500 a year per person.
Returns, the PTEC amount and February
Two quirks of the Maharashtra system are worth noting. First, the February deduction is ₹300 rather than ₹200 for salaries above ₹10,000, which is how the year reaches the ₹2,500 cap (eleven months at ₹200 plus one at ₹300). Second, alongside the PTRC deductions from staff, the entity pays its own PT under the PTEC — commonly ₹2,500 a year for a company or firm — and this is a separate payment from what’s deducted from employees. PTRC return frequency depends on the prior year’s PT liability: smaller deductors file annually and larger ones monthly. Returns and payments are made on the Maharashtra tax department’s portal, which also handles PT. Women earning up to a specified amount, and certain categories such as senior citizens, may have exemptions. Because slabs and exemptions are revised from time to time in the state budget, confirming the current figures before running a payroll cycle keeps the deduction accurate and avoids having to issue corrections later.