Calculation Of PT

pinky123
Dear All,
I want to know about salary slip. Is Leave without pay treated as a deduction from the salary? and I am aware of different slabs of Profession Tax but want to know that how to calculate Profession tax i. e. on the total salary of employee in that month or on total Earnings minus (-) total deductions?
waiting for reply.
Thank you!
-Pinky
Varsh
Hi,
The LOP is deducted from the salary. As regard to Professional Tax, this differs from State to State. However the calculation is on the basis of salary prior to deductions.
Varsh
Amala
Hai,
I finished my tally 7.2. now i am working in a private company.but i am not having much experience accounting. can anyone help me how should i calculate salary in tally. And also give some information how to maintain accounts in tally.
Thank U
prashant_patil
Madam pinky,
In Maharashtra PT is calcualted on gross salary. It means wages before deductions.
Regards
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