professional Tax

This query is : Resolved

N R ARUNA (Querist)
Follow

25 January 2008 This is an examination question. it reads as under:-
Total professional tax paid is Rs.5000/-. out of this, Rs.4000/- is paid by employer and Rs.1000/- is paid by employee.
what will be the deduction from salary?

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
Follow

25 January 2008 Net deduction will be 1000 only. because first we have to add 4000 in gross salary income then to deduct 5000 as deduction under section 16, so net is 1000 only.

Venkatesh Rao

Venkatesh Rao (Expert)
Follow

25 January 2008 The employer will have to deduct full amount of 5000/- in form-16 since PT is paid to the govt and deduction is claimed by the employer as salary expenses.
Further the asmount of Rs.4000/- paid by employer on behalf of employee shall be added to employees income by way of perquistes(employees obligation met by employer).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mahesh Balanthimugaru

Sridhar h s

Ashok Kumar Garg

RAJ SANKLECHA

Amit Chaturvedi

Subscribe Now

professional Tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA