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Professional tax

This query is : Resolved 
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(Querist)
11 May 2008 When does a company deduct professional tax from an employee's salary?on what basis is this deducted?how is it treated in the books of the employer?
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Jayant Tathe

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Jayant Tathe (Expert)
11 May 2008 At the time of Salary Payable Date company deduct Professional tax from an employee salary.

Each State Government will decide the Rates of Professional Taxes .

Two Entries will be required to pass in the books of employer .

At the time of Salary Payable Date
Employee Salary A/c Dr.
To Bank A/c Cr.
To Professional A/c Cr.

At the time of Professional tax Payable Date
Professional Tax A/c Dr.
To Bank A/c cr.
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Bala Abiramy

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Bala Abiramy (Querist)
11 May 2008
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Bala Abiramy

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Bala Abiramy (Querist)
11 May 2008 ..
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