Professional tax query

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162 Points Posted on 22 September 2012

HI,

COULD ANY OF YOU HELP ME ON PROFESIONAL TAX CALCULATION..

MY QUERY

1. IS PROFF.TAX IS TO BE CALCULATED ON BASIC SALARY ONLY OR ON GROSS SALARY WHICH INCLUDDES BASIC,DA,HRA,CONV ETC?

2. PROFF.TAX IS WRT CHENNAI. WHILLE BROWING THE CORPORATION OF CHENNAI WEBSITE, IT STATES THAT PT IS TO BE CALCULATED ON AVERAGE HALFYEARLY SALARY AND WAGES AND THE CORRESSPONDING SLAB RATE WILL APPLY.

 

THANKS IN ADVANCE

 

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On 22 September 2012 at 22:46 Report
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Student
294 Points Posted on 22 September 2012

P tax is calculated on gross salary

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On 22 September 2012 at 23:30
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Student
294 Points Posted on 23 September 2012

https://www.chennaicorporation.gov.in/deploy/CORP.war/departments/revenue/collectiontax.htm

 
https://www.chennaicorporation.gov.in/online-civic-services/professionTaxCalculator.htm
 
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On 23 September 2012 at 00:02
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Chartered Accountant
172 Points Posted on 23 September 2012

Profession Tax is calculated on the basis of gross salary

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On 23 September 2012 at 14:04

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