Professional Tax
Thomas Thom (16 Points)
02 July 2018
can any one please tell me should a retainer or contractor needs to deduct Professional Tax and TDS?
8 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law)
(4429 Points)
Replied 02 July 2018
Professional need to submit to government 2500 Professional Tax and TDS on profession is deducted after limit of single contract is >30000 and agreegate in a year is >100000 @ 10% u/s 194J
Thomas Thom
(16 Points)
Replied 02 July 2018
so, both tax needs to be deducted? what if income is above 3L. should be deducted only TDS or both?
Ruchika Somani
(Coaching and Practice in Tax Audit Law)
(4429 Points)
Replied 02 July 2018
Since income is above 250000 then yes PT is to be deducted as per slab and TDS is deducted as per limits specified above.
Thomas Thom
(16 Points)
Replied 02 July 2018
PT is deducted for salaried perons or for both salaried and contractee?
Ruchika Somani
(Coaching and Practice in Tax Audit Law)
(4429 Points)
Replied 02 July 2018
PT is for salaried and professional
Thomas Thom
(16 Points)
Replied 02 July 2018
thanks!!!
If it's for professionals too is there slabs for PT?
If it's for professionals too is there slabs for PT?
Ruchika Somani
(Coaching and Practice in Tax Audit Law)
(4429 Points)
Replied 02 July 2018
| Originally posted by : Thomas Thom | ||
 |
thanks!!!If it's for professionals too is there slabs for PT? |  |
Yes
Thomas Thom
(16 Points)
Replied 02 July 2018
can u pls share madam, and if Lawyers are working as retainers, and they are deducted TDS and PT, is this applicable through out India?.
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