We need your help on Professional Tax Calculation.
In our Company we have following fixed components :
Basic, HRA, Conveyance Allowance Education Allowance & Special Allowance.
As of now we are not considering Conveyance Allowance for calculating PT. Actually our internal auditor is informing us that whatever monthly gross is there on that we need to calculate PT Amount. Also confirm us whether we need to consider Bonus Payment also for calculating PT Amount.
For Example :
Remarks Basic 7,700 HRA 3,500 Conveyance Allowance 800 Fixed Education Allowance 200 Fixed Special Allowance 1,800 Balance Gross Earning 14,000
Company PF 924 ESIC 665 Bonus / Exgratia 1167 Total Deductions 2756
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