Hi
Can any one help m eby explaining how Professional tax is calculated.
I was able to find the professional tax rates through browsing but i am confused when i see the PT dedcution in my payslip.
Rates:
21000- 30000=Rs.60
30001 to 45000=Rs.150
45001 to 60000=Rs. 300
60001 to 75000= Rs. 450
Above 70001=Rs.600
I just want to know whether the deduction amount is for halfearly or monthly. For Eg: If my halfyearly earnings is Rs.50000 will the deduction be Rs.300 for 6 months or Rs.300 deduction montly.
When i come across the payslip of the staff i find that the Professional Tax dedcuted differs from one month to other, so please help me out in calculating monthly Professional Tax.
Regards
Krithika
Can any one help m eby explaining how Professional tax is calculated.
I was able to find the professional tax rates through browsing but i am confused when i see the PT dedcution in my payslip.
Rates:
21000- 30000=Rs.60
30001 to 45000=Rs.150
45001 to 60000=Rs. 300
60001 to 75000= Rs. 450
Above 70001=Rs.600
I just want to know whether the deduction amount is for halfearly or monthly. For Eg: If my halfyearly earnings is Rs.50000 will the deduction be Rs.300 for 6 months or Rs.300 deduction montly.
When i come across the payslip of the staff i find that the Professional Tax dedcuted differs from one month to other, so please help me out in calculating monthly Professional Tax.
Regards
Krithika