professional tax
This query is : Resolved
07 July 2009
sir,
professional tax is chargeable on fixed pay or/and on performance based pay also?
professional tax is chargeable on fixed pay or/and on performance based pay also?
Guest
Guest
(Expert)
07 July 2009
The Pension Fund Regulatory and Development Authority (PFRDA) has sought income tax exemption for the New Pension Scheme at par with other schemes like Public Provident Fund (PPF).
"PPF, having a life cycle of 15 years, is under an EEE (exempt-exempt-exempt) tax regime and is not taxed at any point, whereas the New Pension Scheme, being a 30-35 years instrument, is taxed at the exit point (withdrawal)," said PFRDA Chairman Dhirendra Swarup here at the 8th Annual IIEF Pension Policy Conference and Roundtable 2008.
"PPF, having a life cycle of 15 years, is under an EEE (exempt-exempt-exempt) tax regime and is not taxed at any point, whereas the New Pension Scheme, being a 30-35 years instrument, is taxed at the exit point (withdrawal)," said PFRDA Chairman Dhirendra Swarup here at the 8th Annual IIEF Pension Policy Conference and Roundtable 2008.
CA Nitin Wadhwani
(Expert)
07 July 2009
Hi,
It's applicable on both.
It's applicable on both.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
