Professional/Employment TAX
This query is : Resolved
Manoj Narang
(Querist)
31 August 2010
Plz help me i m unable to understand this concept.
Why Professional tax deduction is from the gross salary of the employee rather than from his tax liability.......
Suppose Gross total Income-- 202000
Professional Tax Paid(Py Yr)- 2000
Taxable income---------------200000
why it is not deducted from the tax libility of the assessee like
Tax liability(200000-160000)*10% =4000
Professional Tax paid =2000
Tax payable =(2000)
It could be a very silly type question but i m unable to get it answered. plz plz plz plz any body help me
Why Professional tax deduction is from the gross salary of the employee rather than from his tax liability.......
Suppose Gross total Income-- 202000
Professional Tax Paid(Py Yr)- 2000
Taxable income---------------200000
why it is not deducted from the tax libility of the assessee like
Tax liability(200000-160000)*10% =4000
Professional Tax paid =2000
Tax payable =(2000)
It could be a very silly type question but i m unable to get it answered. plz plz plz plz any body help me
31 August 2010
In the above example u have deducted PTax from Gross Total Income as well as from the income tax payable.Obviously the deduction cannot be allowed twice.
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