Hi Experts, Can you please suggest to me whether I'm correct on the Professional Tax Due Payment calculation as follows for Tamilnadu (Chennai):
Due Employee P.Tax + Due Directors P.Tax (Each 1250 half-yearly) + Company P.Tax ( Paid-up capital 10 Lakhs of rupees Half-yearly - 1000) X 1% (Interest) X No of Due Months. Please advice. Thank you in advance.
Due Employee P.Tax + Due Directors P.Tax (Each 1250 half-yearly) + Company P.Tax ( Paid-up capital 10 Lakhs of rupees Half-yearly - 1000) X 1% (Interest) X No of Due Months. Please advice. Thank you in advance.