Professional Tax [Thread 401416]

professional tax
Hello all ,

please let me know professional tax calculation example according to Gujarat state.
I want to know whether pt is calculated in gross income or net income i.e after dedication like leave without pay etc .

Hi Sneha
PT is calculated on Gross.
I am not aware of the slabs for gujrat. But it is calculated on gross salary

To
Jeevarathnam,
Thanks for informing.but can anyone help to find out professional tax of below example according to Gujarat slab which is also given below.



Total Earnings
Basic Salary- 5500.00

Conveyance Allowance- 800.00
HRA- 2200.00
Personal Allowance 500.00

Deductions:
professional Tax ?
LWP: 519
Gross Earning 9000.00
Net Payable: 8481
Gujarat P.T slab

Slab(Rs.) Rate of Tax (per month)
1. less than 3000 Zero
2. 3000 to 5999 Rs. 20
3. 6000 to 8999 Rs. 80
4. 9000 to11999 Rs. 150
5. 12000 or more Rs. 200
Please Inform me Professional tax calculation in this case.

Dear Sneha
I am bit confused on LWP of 519. Can you explain What is that?
What ever the case your Gross and net falls under the slab of Rs. 9000/- to Rs 11,999/-
So PT is Rs. 150/-
If any clarifications you shall contact me
Cheerz
Jeevarathnam

Dear Jeevarathnam ,
Thanks for your solution.
I have question that if employee join on 15th of any month means middle of month then the professional tax is calculated on gross or any other way.
LWP means Leave Without Pay and in my company its calculate on 26 days i.e excluding Sundays and Holidays.
please inform me is it legal to calculate salary on 26 days instead of 30 days .
Regards
Sneha Nair

Dear Sneha Nair
Irrespective of the days he worked PT is calculated on the total earnigs of that particular month. He/She may work either 10 days or full month. But you just see how much he/she earned.
Hope you are clear
Cheerz :)

[QUOTE=jeevarathnam;1828403]Hi Sneha
PT is calculated on Gross.
I am not aware of the slabs for gujrat. But it is calculated on gross salary[/QUO
can u give me an example of ctc designing

Please find the revised tax slab in gujarat from fin. year 2013-14
Slab(Rs.) Rate of Tax (per month)
1. less than 3000 Zero
2. 3000 to 5999 Rs. Zero
3. 6000 to 8999 Rs. 80
4. 9000 to11999 Rs. 150
5. 12000 or more Rs. 200
attribution https://www.citehr.com/401416-profes...#ixzz2ptAv0aYi

Dear professionals
I still could not get a proper answer to the above query raised by Ms. Sneha.
If A person has a monthly salary of Rs. 9000/- (There are no deductions on account of PF ESI etc) which means gross annual income of Rs.1,08,000/-
As per the above slab rate given by Harshil Patel the PT to be deducted is Rs.150/- over next 12 months
In the month of June his salary has been deducted on account of Leave without pay for 4 days. So his earnings are Rs.7800/- only for that month. Now should the PT deduction be Rs.150/- for the month of June or Rs.80/-.
I am facing this problem as my Statutory auditors say that it should Rs.150/- while my point of view is that it should be Rs.80/-.
A prompt reply is appreciated.
Regards,
Mridul

Dear Ms. Mridul
You are right. Normally PT is calculated on the actual wages drawn for that particular month