Sr Manager Hr & Administration
Hr & Admin Executive
Talent Acquisition Specialist
14th March 2015 From India, Surat
Tax amount is never mentioned in the offer or appointment letter.
Company provides the calculation of "take home" salary, & then deducts the tax on your behalf. If you are expecting that offer letter should mention the taxes, then read the letter again.
There must be a sentence stating that the tax arising from this salary will be deducted as per tax rules of india.
Going beyond the professional taxes, the income tax (as it will be applicable to you, if your salary is 40K/month) can also be deducted from this salary & then it is called "Net Salary".
If your salary slip indicates otherwise, then you can check with your finance department about the proper wording in the salary slip.
16th March 2015
The Professional tax is to be deducted from Gross Salary only. Every state have their fixed PT Slabs.
Salary for the month in Rs Profession Tax for the month in Rs
Less than or equal to 7,500 Nil
7,501 to 10,000 175
10,001 and above 200 per month except for February (Rs 300 for February)
Profession Tax Penalties
- Delays in obtaining Enrollment , a penalty of Rs. 2/per day and for Registration, a penalty of Rs. 5/- per day.
Providing false information regarding enrollment Penalty of 3 times of tax amount.
Non-payment or late payment of profession tax Penalty is equal to 10% of the amount of tax to be imposed.
Late filing of Returns Penalty of Rs. 300 per return.
Profession tax are exempted in the following cases,
1. Senior Citizen above 65 years age is tax exempt.
2. Person suffering from permanent physical disability.
3. Parent of a child suffering from physically disability.
4. Parent of a mentally retarded child.
16th March 2015 From India, Hyderabad
I am confused for profession tax.
Form 16 Gross salary deduct Profession tax and PF after Net Salary.
I want to file salary Income tax return in India but I'm confused about profession tax can please guide me about profession tax deducted from gross salary or not on Income tax return sheet.(ITR I)
And if deducted Please let me know under section 80C & 80 CC or what ?
16th June 2017 From Nigeria, Lagos
I have some doubt regarding Professional Tax.
I am working in a company which is registered in USA and I am working in Pune and I have an offer letter which has name Inc. not Pvt Ltd.
Even they don't deduct Professional Tax from my salary.
So, want to know is it fine or there is something wrong in that?
Would appreciate if anybody can help or answer this.
9th April 2018 From India, Pune