Regarding professional tax

This query is : Resolved

sanjay kumar (Querist)
Follow

27 February 2012 Pls. help me. My question is that either professional tax given by salaried person can deduct from their salary or not ?

CA. Hari Kishan

CA. Hari Kishan (Expert)
Follow

27 February 2012 Profession tax is the tax which the employer is required to deduct from the salary payable to the employee and remit the same to the ex chequer account.. so its a deduction from salary and not additional cost to the employer

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

27 February 2012 Yes. Deduction is governed by section 16(iii) of the Income tax Act,1961 on payment basis subject to a maximum of Rs.2,500/-per annum.

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

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

Jayaram Bramhajosyula

Thanwar Chhatwani

RAHUL SURANA

rajkumar yadav

Ravi

Subscribe Now

Regarding professional tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

CA Final

Senior Executive

GST CONSULTANCY

Accountant