What is slab rate of profession tax in mumbai f.y.08-09 & procedure to fill up the same. Rgds Prasad
I Am confused about professional tax. Two type of professional tax implimented in Tamil Nadu.
1 - General rate of professional tax is 10.30% & limit 20000.
2 - Some states (Tamil Nadu) have there own rates for professional tax.
Upto 21000 nil
21001 – 30000 75
30001 – 45000 188
45001 – 60000 390
60001 – 75000 585
Above 75000 810
Qu- 1 Our CA is taking Rs 60000/- per annum for auditing (he is not our employee) Now please let me know which rule of professional tax i need to follow for tax deduction.
Qu - 2 Is there any case where both rules can apply.
Eagerly waiting for your reply:huh:.
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