Whether professional tax is calculated on basic salary or gross salary?
also define basic salary for PT?
Gowtham
(Student CA IPC / IPCC)
(119 Points)
Replied 01 August 2013
Profession Tax is based on slab of Your state ( Kindly consider gross monthly salary for slab limit)
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 01 August 2013
| Originally posted by : Gowtham | ||
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Profession Tax is based on slab of Your state ( Kindly consider gross monthly salary for slab limit) |
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Hemant Chansoriya
(Article Assistant)
(51 Points)
Replied 10 August 2013
For Professional Tax Paid, there is deduction under section 16(iii) (Limit-2500p.a.) if in one year emplyee has paid professional tax for three year then 7500.00 will be admissable
CAclubindia
