CAN ANY ONE TELL ME IF ASSESSEE IS GETTING SALARY FROM TWO EMPLOYER AND BOTH BOTH EMPLOYER IS DEDUCTING RS. 200 P.M AS PROFESSIONAL TAX .
SO, WHETHER ASSESSEE CAN GET DEDUCTION U/S 16 FOR TOTAL PROFESSIONAL TAX DEDUCTED I.E. RS.4800/- OR MAXIMUM DEDUCTION RS. 2500/-??
Max Deduction Rs. 2500/-
Actual amount of tax on employment or professional tax paid is allowed as deduction. If both of your employer has paid professional tax on your behalf, you have to include the amount in salary and then claim full deduction.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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