Profession tax
This query is : Resolved
06 September 2014
200 RS PM DEDUCTED FROM CTC TOWARDS PROFESSION TAX, CAN ASSESSE GET DEDUCTION FOR THIS,
CTC 27783 PM
LESS:PF 1300 PM
LESS PROF.TAX 200 PM
CTC 27783 PM
LESS:PF 1300 PM
LESS PROF.TAX 200 PM
06 September 2014
As per section 16(iii) of Income tax act ,Professional tax on employment or tax on employment levied by state under article 276(2) of the Constitution is allowed as a deduction from the Salary income.
Deduction for PF can be availed u/s 80C.
Deduction for PF can be availed u/s 80C.
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