Sec 16(iii)

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

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Quick Summary
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.

Look into the limits for professional tax from your corporation site based on the income.
As per income tax allowed deduction under section 16(iii) is rs 2500 only

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