Dear All,
Person A worked in Firm X earning Rs.62,000 in Apr-2013.
She moved to Firm Y earning Rs.62,000 per month from May-Sep 2013.
What will be her professional tax liability for the period 01-Apr to 30-Sep 2013?
Is it Rs.1,095 for the first six months?
Or should she pay Rs.760 for Apr-2013 and Rs.1,095 from May-Sep 2013?
Thank you.
Every company which transacts business and every person, who is engaged actively or otherwise in any profession, trade, calling or employment with in the Town Panchayat on the first day of the half-year for which return is filed, shall pay half-yearly tax at the rates specified.
For 6 Months Income exceeding Rs.75,001 and above => Rs.1,095/-.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
