Hi

What is Professional tax.
How can I deduct from salary.
Tax slab
Location Slab Deduction
---------------------------------
CHENNAI 0 21000 0
CHENNAI 21001 30000 75
CHENNAI 30001 45000 188
CHENNAI 45001 60000 390
CHENNAI 60001 75000 585
CHENNAI 75001 5000000 810

if a emp left in may & his gross salary is (32880) for Six month & (10960) for Apr & May (Two Month) than which slab applicable.

If a emp not working 30 or 31 days than i can deduct P Tax.

Plz. anybody answer:-What is Minimum Alternate Tax(MAT)?

Please state the conditions when CARO is compulsory?

Dear members
if the rent agreement is between the husband and landlord, and rent is paid by cheque by wife on her name to land lord, then in this case wife can avail hra exemption or not from her taxable income as she is working in private sector? if yes, then what are the document she has to submitt to a/c department?

Dear Sir/Madam,

Can Co pay HRA and simultaneously provide Concessional rent free accommodation(owned or hired by employer) taxable as Perq u/s 17(2)?
In that case can employee claim double deduction of Rent paid to Co in HRA & in 17(2) Perq?
According to my knowledge Co. can not provide 2 at the same time then in that case Co providing rent free accommodation (being not receiving HRA) can employee claim double deduction of Rent paid to Co in calculation of Perq and u/s 80 GG.

Thanks & Regards

Hitesh Kothari

As per companies act, there sholud be at least 2 and 7 members for private and public co respectively. But why some companies are called as 100% subsidiary, which practically does not happen.

As per companies act, there sholud be at least 2 and 7 members for private and public co respectively. But why some companies are called as 100% subsidiary, which practically does not happen.

will deffered tax liability can show in the cashflow? if yes what are those cases?

What is the difference between a Bond and a Debenture ?

One of my friend is working as deputy Electrical Engineer in a Karnataka state Government department, their office is rented by private sector. Here my question is
Whether the Service Tax is to be payable on Rent by the Government Body, or any exemption is their. coz government body itself occupied & payable one and all same.