Hello Fraternity,
Tax Slabs in Gujarat
We have tax slabs as follows in Gujarat:
For salary up to Rs.5,999 - Nil
Rs.6,000 to Rs.8,999 - Rs.80
Rs.9,000 to Rs.11,999 - Rs.150
Rs.12,000 and above - Rs.200
If we calculate annually, there will be Rs.300 in the month of February. I understand that based on the financial year, February is the last month when we receive the last salary for the year.
Question on Professional Tax in February
Now, my question is why is a professional tax of Rs.2500 (11*Rs.200 + Rs.300*1) levied? Could anyone please explain this Rs.300 Professional Tax in the last month?
Thank you in advance.
Tax Slabs in Gujarat
We have tax slabs as follows in Gujarat:
For salary up to Rs.5,999 - Nil
Rs.6,000 to Rs.8,999 - Rs.80
Rs.9,000 to Rs.11,999 - Rs.150
Rs.12,000 and above - Rs.200
If we calculate annually, there will be Rs.300 in the month of February. I understand that based on the financial year, February is the last month when we receive the last salary for the year.
Question on Professional Tax in February
Now, my question is why is a professional tax of Rs.2500 (11*Rs.200 + Rs.300*1) levied? Could anyone please explain this Rs.300 Professional Tax in the last month?
Thank you in advance.