Do we get Deduction on Professional Tax paid..........from Income from Salaries???
Thanks
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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 | ||
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Upto 5000 nil 5000 - 10000 175 above 10000 200 pm (in feb 300) |
What is current slab rate of professional tax deduction |
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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 | ||
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Deduction u/s 16 i.e 16 (iii) is available......PF tax varies from state to state... |
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yeah deduction for professional tax is allowed u/s 16(iii)
yes........
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