Is gratuity applicable on professional tax? Kindly advice on Professional tax deduction and exemptions.
From India, Bengaluru
1From India, Bengaluru
Professional tax and gratuity have no common link.
There are some categories and people who get benefit of tax exemption:
# Senior citizens are exempt from professional tax.
# Parent of a mentally challenged child is exempt from this tax.
# Persons or parents of children suffering from physical disability are exempt from paying professional tax.
Please check up your state rules on the subject.
From India, Pune
There are some categories and people who get benefit of tax exemption:
# Senior citizens are exempt from professional tax.
# Parent of a mentally challenged child is exempt from this tax.
# Persons or parents of children suffering from physical disability are exempt from paying professional tax.
Please check up your state rules on the subject.
From India, Pune
No, Gratuity is not taxable under the Professional Tax. Moreover, Professional Tax is a state subject but in no way connected with Gratuity. Do not be confused between the two.
From India, Hyderabad
From India, Hyderabad
Do you have any notification clarifying that gratuity is not applicable for Professional tax?
From India, Bengaluru
From India, Bengaluru
There is no notification issued to state that Professional tax is applicable on Gratuity paid . In fact Gratuity is exempted now up to Rupees 20 lakhs.
From India, Hyderabad
From India, Hyderabad
I wonder why are you asking this question- learned members of the fraternity have already answered you query.
Do you have any notification as gratuity is applicable for Professional tax? then share it.
From India, Pune
Do you have any notification as gratuity is applicable for Professional tax? then share it.
From India, Pune
Notice Pay, Gratuity and Compensation are exempted from Karnataka Profession Tax. Please peruse Extract of the Act, as below:
Please Learn to frame question with due application of mind
Example: Whether Gratuity Payment made attracts PT Deduction as per Karnataka PT. Before raising questions, go through the Act several times till you understand the same.
KARNATAKA ACT NO. 35 OF 1976
(First published in the Karnataka Gazette Extraordinary on the Twenty-ninth day of April 1976)
THE KARNATAKA TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1976 (Received the assent of the Governor on the Twenty-eighth day of April 1976) (As Amended by Acts 8 of 1981, 13 of 1982, 26 of 1982, 1 of 1985, 29 of
(i) "profession tax" or "tax" means a tax leviable under the provisions of this Act;
1[(j) 'salary' or 'wage' includes pay or wage, dearness allowance and all other remunerations received or receivable by any person including any amount received by way of arrears of salary or bonus by whatever name called whether payable in cash or kind and also includes perquisites and profits in lieu of salary as defined in section 17 of the Income Tax Act, 1961.
Explanation.- (i) Where 'bonus' by whatever name called is received in part or full, then such bonus shall be spread over for twelve months of the year or to such number of months the bonus relates for purposes of computation of 'Salary' or 'Wage' for such months.
From India, New Delhi
Please Learn to frame question with due application of mind
Example: Whether Gratuity Payment made attracts PT Deduction as per Karnataka PT. Before raising questions, go through the Act several times till you understand the same.
KARNATAKA ACT NO. 35 OF 1976
(First published in the Karnataka Gazette Extraordinary on the Twenty-ninth day of April 1976)
THE KARNATAKA TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1976 (Received the assent of the Governor on the Twenty-eighth day of April 1976) (As Amended by Acts 8 of 1981, 13 of 1982, 26 of 1982, 1 of 1985, 29 of
(i) "profession tax" or "tax" means a tax leviable under the provisions of this Act;
1[(j) 'salary' or 'wage' includes pay or wage, dearness allowance and all other remunerations received or receivable by any person including any amount received by way of arrears of salary or bonus by whatever name called whether payable in cash or kind and also includes perquisites and profits in lieu of salary as defined in section 17 of the Income Tax Act, 1961.
Explanation.- (i) Where 'bonus' by whatever name called is received in part or full, then such bonus shall be spread over for twelve months of the year or to such number of months the bonus relates for purposes of computation of 'Salary' or 'Wage' for such months.
From India, New Delhi
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