Professioanl tax

Dear Sai Krishna,

As per the provisons of the Income Tax Act, at the time of payment of salary to the employee, Employer is required to deduct PT from Salary & the same is remmitance with the department with priscribed time limit. Evenn thouth the company is under loss, it is liable to pay PT, which is deducted from employees. Follow the below slab for tamilnadu PT

Tamil Nadu's Tax Slabs:

The professional tax slab structure followed in Tamil Nadu on a half yearly basis is formulated as follows:

Thanks,

Giri