City Tax & Payroll Summary: Pune
Frequently Asked Questions
What is Maharashtra Professional Tax deducted in Pune?
Maharashtra levies ₹200 per month from March to January, and ₹300 in February, totaling ₹2,500 annually for salaries above ₹10,000/month.
What is the HRA deduction cap in Pune?
Pune is classified as non-metro for tax purposes, capping HRA exemption at 40% of Basic salary under the Old Tax Regime.
How HRA Rent Exemption Works in Pune
If you choose the Old Tax Regime, House Rent Allowance (HRA) is exempted under Section 10(13A) based on the minimum of three amounts: actual HRA received, rent paid minus 10% of Basic salary, or 40% of Basic salary (Non-Metro rule).
Frequently Asked Questions
What is Maharashtra Professional Tax deducted in Pune?
Maharashtra levies ₹200 per month from March to January, and ₹300 in February, totaling ₹2,500 annually for salaries above ₹10,000/month.
What is the HRA deduction cap in Pune?
Pune is classified as non-metro for tax purposes, capping HRA exemption at 40% of Basic salary under the Old Tax Regime.
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