What are the different tax deductions and the limits?

Avinash Jeevan Dsouza (Accounts Officer & In charge) (3296 Points)

25 August 2018

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193690 Points)
Replied 25 August 2018

SHIRISH S S (Proprietor) (1038 Points)
Replied 25 August 2018

Rambhia sir there is no place for Profession tax [ rs 2500 per annum] in deduction ??

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193690 Points)
Replied 25 August 2018

Employment tax

SHIRISH S S (Proprietor) (1038 Points)
Replied 25 August 2018

That is for Salaried people. profession tax paid by CA. Lawyers, Doctors , Engineers etc.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193690 Points)
Replied 25 August 2018

That is not deduction, but allowed as expenditure in P&L acc.

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