Professional tax deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2012
Sir/MAdam,
A person is a director in two pvt ltd., companies and he is getting remuneration from both the companies. Both the companies are deducting professional tax of Rs.200 p. m. from his salary totally it comes to Rs.4800(2400*2). Now my question is can he claim Rs. 4800 professional tax paid as deduction from his salary or Rs.2400 only?
A person is a director in two pvt ltd., companies and he is getting remuneration from both the companies. Both the companies are deducting professional tax of Rs.200 p. m. from his salary totally it comes to Rs.4800(2400*2). Now my question is can he claim Rs. 4800 professional tax paid as deduction from his salary or Rs.2400 only?
03 May 2012
Profession tax deduction is limited to Rs. 2500 only.
Being a director of a Private Limited Company, the director has to get himself enrolled under profession tax and pay Rs. 2500 every year on his own. When he does so, the companies will not be required to deduct the PT.
Being a director of a Private Limited Company, the director has to get himself enrolled under profession tax and pay Rs. 2500 every year on his own. When he does so, the companies will not be required to deduct the PT.
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