Salary rs.15000 per month to a person: deductions??

Tax queries 4819 views 2 replies

yashsr

2285 Points Posted on 21 August 2012

Hello,

A Chartered Accountant in practice has employed a person on salary paying Rs.15000 per month(Rs.180000 annually). Now, what are the compliances with regards deductions to be made... Provident Fund, Profession Tax etc.?

Also, what happens if the salary is Rs.25000 per month? TDS will be deducted in this case I know but what about Provident Fund, Profession Tax etc.?

Replies (2)

sairam

CA -FINAL

46 Points Posted on 21 August 2012

We are salary reach Rs.180000/- your employer can deduct TDS amount , professional tax as per slabs of PT Act

as per monthly salaries

upto 5000/- PT deducted Nil

5000 to 6000 PT deducted 60/-

6000 to 10000 PT Deducted 80/-

10000 to 15000 PT deducted 100/-

15000 to 20000 PT deducted 150/-

Above 20000 PT deduccted 200/-

Your Slab were 10000 to 15000 your employer deduct every month Rs. 100/- can deposited professional tax

yashsr

2285 Points Posted on 21 August 2012

Originally posted by : sairam
	We are salary reach Rs.180000/- your employer can deduct TDS amount , professional tax as per slabs of PT Act as per monthly salaries upto 5000/- PT deducted Nil 5000 to 6000 PT deducted 60/- 6000 to 10000 PT Deducted 80/- 10000 to 15000 PT deducted 100/- 15000 to 20000 PT deducted 150/- Above 20000 PT deduccted 200/- Your Slab were 10000 to 15000 your employer deduct every month Rs. 100/- can deposited professional tax