is profession tax payable on the Bonus (bonus is paid every month)
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Profession Tax
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No professional tax paid on the net salary according to the state professional tax rules.you should clearly say, bonus for which purpose....whether it is production bonus ,performance bonus like that
no. there is a separate parameter for that like upto Rs.5000/- per month PT at Rs.30/- per month
I was working in Pvt Ltd in Karnataka, whether I have to pay tax on Bonus received (But Bonus is given in all company's once in a year and it is not pecific about performance & Target). In this case what I have to do whether I have to pay Professional Tax on Bonus or not. kindly reply soon.
| Originally posted by :Guest | ||
| " | I was working in Pvt Ltd in Karnataka, whether I have to pay Professional tax on Bonus received (But Bonus is given in all company's once in a year and it is not specific about performance or Target). In this case what I have to do whether I have to pay Professional Tax on Bonus or not. kindly reply soon. | " |
Profession tax is not applicable on Bonus payment.
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