:lol:
I want to know while calculating Professional tax we have to add the bonus (which is paid once in a year) taking it in to consideration on monthly average or PT should be calculated on the bonus for the paid month only adding bonus to that months salary. Please clarify.
regards
subraya bjr
From India, Belgaum
6I want to know while calculating Professional tax we have to add the bonus (which is paid once in a year) taking it in to consideration on monthly average or PT should be calculated on the bonus for the paid month only adding bonus to that months salary. Please clarify.
regards
subraya bjr
From India, Belgaum
It is calculated based on total six monthly gross salary + whatever additional incomess like bonus, incentives, increment arrears etc and the same is described under different salary slabs for different cities.
Then the PT Amount worked out as per the slab is divided by 6 and recovered from the salary every month for six months. (Two six monthly calculations in a finacila year)
The slabs are made like upto 21000, 30000,45000,60000.75000, above 75000 etc.
Let us presume that every one's monthly gross salary is above Rs.12500/-
In that case every one's total six monthly gross salary is above Rs.75000/- .
Once the professional Tax for those above 75000/-(Six monthly gross income) is so and so amount then what difference it is going to make if we add bonus or incentive or special incentive etc and make it to 1,75,000 or 17,50,000/- or whatever amount.
The PT Amount going to remain same for this category people.
Of course for those who are drawing six monthly gross salary between 21000 to 75000, the calculation will change as per the slabs due to addition of bonus or incentive or increment etc.
I think hardly anyone drawing less than 12500 per month atleast in metro cities.
Regards,
S.Kumarasubramanian
From India, Madras
Then the PT Amount worked out as per the slab is divided by 6 and recovered from the salary every month for six months. (Two six monthly calculations in a finacila year)
The slabs are made like upto 21000, 30000,45000,60000.75000, above 75000 etc.
Let us presume that every one's monthly gross salary is above Rs.12500/-
In that case every one's total six monthly gross salary is above Rs.75000/- .
Once the professional Tax for those above 75000/-(Six monthly gross income) is so and so amount then what difference it is going to make if we add bonus or incentive or special incentive etc and make it to 1,75,000 or 17,50,000/- or whatever amount.
The PT Amount going to remain same for this category people.
Of course for those who are drawing six monthly gross salary between 21000 to 75000, the calculation will change as per the slabs due to addition of bonus or incentive or increment etc.
I think hardly anyone drawing less than 12500 per month atleast in metro cities.
Regards,
S.Kumarasubramanian
From India, Madras
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