Another question is we have to deduct under Maharashtra PT 2500 per year from employee wages. If every month rs. 200 deduction is ok, but Rs. 300 should be deducted in Feb month or March Month??
6th March 2007 From India, Nagpur
Rs. 300/- should be deducted in February only..
Other thing I also want to know in detail on deducting prof. tax for employees joining in the middle of the year.
Can anybody help..?
26th November 2009 From India, Mumbai
I have a query regarding professional tax, Please provide me ceiling of Professional tax.
One thing more this deduct monthly from salary or yearly basis.
I am also calculating salary after TDS. so please if anyone can help me in this also
Thanks in advance
20th March 2013 From India, Pune
In the case given by Pappilon, both the companies will deduct Rs.300/- each in their respective payroll. Hence, the total deduction becomes Rs.2600/- for the entire year. There is no apparent problem in this, as PT paid is admissible as a deduction from tax, hence the entire amount of Rs.2600/- will exempted from tax for him.
23rd April 2013 From India, Mumbai
2nd May 2016 From India, Indore