Sec 16(iii)

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780 Points Posted on 03 April 2020

Is there any maximum limit of professional tax for fin year 2019-20? 

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On 03 April 2020 at 13:57 Report
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This discussion clarifies the maximum limit for professional tax for the financial year 2019-20. It highlights that under Section 16(iii) of income tax law, the allowed deduction for professional tax is capped at Rs 2,500. The content also advises checking corporation-specific limits based on income.

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43 Points Posted on 04 April 2020
Look into the limits for professional tax from your corporation site based on the income.
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On 04 April 2020 at 07:18
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127 Points Posted on 05 April 2020
As per income tax allowed deduction under section 16(iii) is rs 2500 only
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On 05 April 2020 at 09:40

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