A director of a Pvt Ltd company has been paid an incentive in a particular month . Will this incentive also be considered for computation of profession tax purpose ? Profession tax is of the state of West Bengal .
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Incentive to Director in Pvt Ltd Company
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If the director is an Executive/Managing Director (on the payroll), the incentive is included in the gross monthly salary for calculating Professional Tax. If they are a Non-Executive Director, the incentive is not subjected to monthly salary PT; instead, they are liable for a flat ₹2,500 annual PT as a company director.
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