Hi Citehr members, Does payment of Bonus attracts deduction towards Professional Tax? Looking out for your help! Srinaren
From India, Bangalore
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16From India, Bangalore
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Hi Friends, Nobody has any information on this topic?? Surprising! Can you please enlighten me on this? Srinaren
From India, Bangalore
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From India, Bangalore
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Hi Srinivasan, Yes of course PT is to be deducted. As PT is on Gross Salary and Bonus is part of Gross Salary it is necessary. Regards, Sree
From United States
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From United States
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Hi Srinivasan, Yes of course PT is to be deducted. As PT is on Gross Salary and Bonus is part of Gross Salary it is necessary. Regards, Sree
From United States
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From United States
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hello bunus is not included in gross salary so p.t.is not applicable on bonus. regards mitesh
From India, Bangalore
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From India, Bangalore
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Bonus is not a part of Gross Salary , it is a yearly emoluments, hence is not applicable for PT. Bibek Banerjee
From India, Calcutta
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From India, Calcutta
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Hi, There seems to be difference of opinion! Can any legal expert throw some light on this please? Srinaren
From India, Bangalore
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From India, Bangalore
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Dear all,
Bonus is a part of Gross Income; hence, Income tax is deductible (if applicable). However, Professional Tax is a totally different concept and is a deduction on its own. There won't be any Professional Tax deduction on the Bonus.
Prasanna
From India, Mumbai
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Bonus is a part of Gross Income; hence, Income tax is deductible (if applicable). However, Professional Tax is a totally different concept and is a deduction on its own. There won't be any Professional Tax deduction on the Bonus.
Prasanna
From India, Mumbai
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Dear Srinaren,
Usually, the power to collect Professional Tax vests with Local Self-Government institutions (Panchayat, Municipal Corporation, etc.). For each state, there are separate Acts and Rules to govern these institutions. According to the Kerala Panchayat Raj Act Sec 205F and the rules thereunder, Bonus also has to be taken into account for computing the Professional Tax. I find no other reason to include a clause contrary to this in the Act applicable to your area. Hope this will clarify the doubt.
Nasir Ali
From India, Thiruvananthapuram
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Usually, the power to collect Professional Tax vests with Local Self-Government institutions (Panchayat, Municipal Corporation, etc.). For each state, there are separate Acts and Rules to govern these institutions. According to the Kerala Panchayat Raj Act Sec 205F and the rules thereunder, Bonus also has to be taken into account for computing the Professional Tax. I find no other reason to include a clause contrary to this in the Act applicable to your area. Hope this will clarify the doubt.
Nasir Ali
From India, Thiruvananthapuram
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