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Karnataka professional tax calculation - clarifcation

This query is : Resolved 
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(Querist)
18 September 2014 Dear Experts,

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

Total Cost to Company 16,756
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Amol S Joglekar

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Amol S Joglekar (Expert)
12 November 2014 you need to consider every thing for the purposes of Professional tax
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