Soical Compliance Auditing
Practicing Chartered Accountant
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Sr.human Resource Executive
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17th July 2009 From India, Mangaluru
23rd July 2009 From India, Mangaluru
Plz help me for some confusion. How to calculate Professional tax ,as per day or as per salary. Eg.salary is 10000 and workinh days is 15 and as per professional tax slab we cut professional tax 150 or 120 ????
PLz sol my this quarry ...
25th July 2009 From India, Ahmadabad
Professional tax is calculated based on one's earnings and a slab where his earnings get fitted in the slab. This varies from regional to region and state to state.
assume, the slab goes like this,
0 - 3000 : NIL
3001 - 5000 : Rs.50
5001 - 7000 : Rs.60
7001 - 10000 : Rs.1000
His actual salary is Rs.10,000/- and earns only Rs.5200- (due to loss of pay), Hence, his PTAX deduction shall be be Rs.60/-. Assume he goes on loss of pay for the whole month, his salary will be zero and hence there would be no deduction. Therefore, it should be based on the earnings only.
someone can enlighten, if i am wrong.
26th July 2009 From India, Madras
20th May 2013 From India, Kochi
17th September 2017 From India, Kalpakkam