The accident occurred at 2.30 pm at Chalburga Pati village near Ausa taluka in Latur, they said.
Ganesh Kindre, Deputy Superintendent of Police, Ausa, said the bus was heading towards Nilanga town and the truck was moving towards Latur when they collided.
The collision left seven people dead and 34 others injured, he said.
The injured were admitted to nearby hospitals, the police official said.
Maharashtra State Road Transport Corporation (MSRTC) officer Mahindra Kale said the deceased included two women and a child.
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The injured were shifted to the Government Medical College and Hospital at Latur and rural hospital at Ausa, Kale said.
The deceased and the injured were all bus passengers, the official said.
District Guardian Minister Sambhaji Patil Nilangekar later visited the accident spot.
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