Professional tax
This query is : Resolved
15 February 2016
pls tell me if payment of professional tax is business expense and refund of professional tax is business income or not
KAVIRAJA ADDANGADI
(Expert)
15 February 2016
Professional Tax. Tax on Profession, trade, calling and employment . Employer Deduct Professional Tax based on Salary Slab , it is part of Salary Expenses, Employer has to pay PT based on Turnover which can be claimed as Expenses , But how you will get Refund from PT?
15 February 2016
if excess payment of professional tax across the limit of maximum payment of pt
16 February 2016
Refund of professional tax cannot be 'business or other income'. The same may reduced from the expenditure.
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