Do we get Deduction on Professional Tax paid..........from Income from Salaries???
Thanks
Menu
Professional Tax
Replies (11)
yes u/s. 16(iii) deduction is allowed
Professional tax, which is paid, is allowed as deduction.
regards,
ratan
What is current slab rate of professional tax deduction
| Originally posted by : sachin | ||
|
Upto 5000 nil 5000 - 10000 175 above 10000 200 pm (in feb 300) |
What is current slab rate of professional tax deduction |
 |
above is for the state of maharashtra. Different for different regions.
PF Tax rate varies from state to state.
Yes.... as rightly said it varies in different states...........
Deduction u/s 16 i.e 16 (iii) is available......PF tax varies from state to state...
| Originally posted by : C.Balaji | ||
 |
Deduction u/s 16 i.e 16 (iii) is available......PF tax varies from state to state... |
|
yeah deduction for professional tax is allowed u/s 16(iii)
yes........
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
