Hi All, Need your Suggestion PTax calculated on CTC or Gross Pay or Net Pay? Also if an employee salary is 40000/- per month he worked for 4 days. Now we need to deduct PTax from the 40000/- or from the 4 days salary.
From India, Chennai
From India, Chennai
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Professional tax shall be levied on the gross salary. As per 4 days salary, whatever the gross comes it should be processed.
From India, Pune
1From India, Pune
GROSS SALARY&CTC FOR 15500.xls