My payroll software shows I have to deduct Rs. 300 as PT (Professional Tax) for this month. Why do we have to deduct Rs. 300 as professional tax in the month of February 2013?
I have the same question. Do we have to deduct Rs. 300 from all the employees? What if we deduct Rs. 80 as a professional tax every month, then what amount should be deducted in February?
In Maharashtra, the professional tax for those earning more than Rs. 15,000 per month is Rs. 2,500 per annum. The amount is payable as Rs. 200 per month throughout the year and Rs. 300 in February to make the total equal to the annual amount.
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