I am a resident of Gujarat. I have my own business and i am also doing a job in another company. I am already paying professional tax of Rs 2400/year for my business. The place where i work also deduct professional tax of Rs 2400/ year from my salary. My questions is do i need to pay professional tax two times if i have my own business and also if i am employed in another company at the same time.
Menu
Professional tax
Replies (1)
As per section 16(iii) tax on employment or professional tax is first included in the salary as perqusite and then deducted from the gross salary. in your case if the employment and profession is same (within the same meaning) you can claim deduction for max of 2500 otherwise professional tax deducted paid by the employer will be included as perqusite and then deducted inclusive of your business profession(tax) as a whole(4800).
Recent Threads
- Please advice what itr to file for AY 2025-26
- Reporting Capital Gains of NRI in ITR
- Gratuity income as salary income on AIS portal. Is
- 80C deductions not being allowed in ITR2 for old r
- Unable to submit ITR 1 return
- Direct Tax(Income from Salary)
- Income from House Property or Business
- 44ADA Business code 14005
- How to rectify Form 67 that is already submitted
- Which year to consider for Property tax if sold af
Related Threads
CAclubindia
