Hi,
My question pertains to the Professional Tax Deduction. I would like to know the following:
- How is the Professional Tax deduction amount calculated?
- Is this calculation based on the basic pay or the total income before tax?
Looking forward to your opinion/advice.
Regards
From India, Pune
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1My question pertains to the Professional Tax Deduction. I would like to know the following:
- How is the Professional Tax deduction amount calculated?
- Is this calculation based on the basic pay or the total income before tax?
Looking forward to your opinion/advice.
Regards
From India, Pune
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Professional Tax is to be deducted on Basic + HRA, but the limit changed from F.Y. 2009-10. It is as follows:
1. Above 5000 - 10000 (basic + HRA) = Rs. 175/- standard
2. Above 10000 onwards Rs. 200/- in February Rs. 300/- (Total for F.Y. Rs. 2500/-) standard.
I hope this information will solve your problem.
Regards,
Kavita.
From India, Mumbai
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1. Above 5000 - 10000 (basic + HRA) = Rs. 175/- standard
2. Above 10000 onwards Rs. 200/- in February Rs. 300/- (Total for F.Y. Rs. 2500/-) standard.
I hope this information will solve your problem.
Regards,
Kavita.
From India, Mumbai
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Dear Kavita Madam, Can U make me understand in which state the above calculation is applicable. S S KARADKAR
From India, Rajkot
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From India, Rajkot
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Dear Kavita Madam,
Professional Tax is deducted at a rate of 10% of the professional/consulting fees. Where did you obtain the figures of Rs. 175 and Rs. 300 from? I am very eager to learn more about this.
Regards,
H. SUNDARA RAMAN
From India, Madras
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Professional Tax is deducted at a rate of 10% of the professional/consulting fees. Where did you obtain the figures of Rs. 175 and Rs. 300 from? I am very eager to learn more about this.
Regards,
H. SUNDARA RAMAN
From India, Madras
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Dear Mr. Sundara Raman,
This calculation is provided by our P.F./ESIC/P.T. consultant. I deduct our office employees' P.T. as per his instructions. It is specific to Maharashtra State only. If there are any errors, please provide the details. I would like to discuss this matter with our consultant. As per your information, professional tax is deducted at a rate of 10% of the professional/consulting fees. If this is the case, I should have consulted with him. There seems to be something missing.
Thanks & Regards,
KRJ
From India, Mumbai
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This calculation is provided by our P.F./ESIC/P.T. consultant. I deduct our office employees' P.T. as per his instructions. It is specific to Maharashtra State only. If there are any errors, please provide the details. I would like to discuss this matter with our consultant. As per your information, professional tax is deducted at a rate of 10% of the professional/consulting fees. If this is the case, I should have consulted with him. There seems to be something missing.
Thanks & Regards,
KRJ
From India, Mumbai
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Here, you are mixing two separate subjects: Professional Tax and Tax deduction at source.
(1) Professional tax pertains to our direct employees; for salaries ranging from Rs. 5001 to 9999, it is Rs. 150.00 per month, and for salaries above Rs. 10000, it is Rs. 200.00 per month. In February, the rate is Rs. 300.00. (The above rates are based on Maharashtra.)
(2) TDS is different. For those working as vendors, contractors, and consultants in your company, you need to deduct TDS at 10% of the bill amount.
Ilyas Hungund
9820472697
From India, Mumbai
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(1) Professional tax pertains to our direct employees; for salaries ranging from Rs. 5001 to 9999, it is Rs. 150.00 per month, and for salaries above Rs. 10000, it is Rs. 200.00 per month. In February, the rate is Rs. 300.00. (The above rates are based on Maharashtra.)
(2) TDS is different. For those working as vendors, contractors, and consultants in your company, you need to deduct TDS at 10% of the bill amount.
Ilyas Hungund
9820472697
From India, Mumbai
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Hi,
Here, you are mixing two separate subjects, Professional Tax, and Tax Deduction at Source.
(1) Professional tax pertains to our direct employees: @ 5001 to 9999 Rs. 150.00 p.m., and above 10000 Rs. 200.00 p.m. In the month of February, it is Rs. 300.00. (The above rates are based on Maharashtra.)
(2) TDS is different. For those working in your company as vendors, contractors, and consultants, you need to deduct TDS at 10% on the bill amount.
Ilyas Hungund
9820472697.
From India, Mumbai
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Here, you are mixing two separate subjects, Professional Tax, and Tax Deduction at Source.
(1) Professional tax pertains to our direct employees: @ 5001 to 9999 Rs. 150.00 p.m., and above 10000 Rs. 200.00 p.m. In the month of February, it is Rs. 300.00. (The above rates are based on Maharashtra.)
(2) TDS is different. For those working in your company as vendors, contractors, and consultants, you need to deduct TDS at 10% on the bill amount.
Ilyas Hungund
9820472697.
From India, Mumbai
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Hi,
Professional Tax (PT) is calculated at Rs 2,500 annually from the salary of an employee.
Regards,
Rohit Kumar
Hi,
My question pertains to the Professional Tax Deduction. I would like to know the following:
- How is the Professional Tax deduction amount calculated?
- Is this calculation based on the basic pay or the total income before tax?
Looking forward to your opinion/advice.
Regards
From Germany
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Professional Tax (PT) is calculated at Rs 2,500 annually from the salary of an employee.
Regards,
Rohit Kumar
Hi,
My question pertains to the Professional Tax Deduction. I would like to know the following:
- How is the Professional Tax deduction amount calculated?
- Is this calculation based on the basic pay or the total income before tax?
Looking forward to your opinion/advice.
Regards
From Germany
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Yes, Ilyas, you are right.
Professional Tax is deducted from direct employees working in an organization, and TDS (Tax Deducted at Source) at 10% plus Education Cess, as applicable, is deducted from professionals who work as consultants in the organization.
Secondly, I would like to correct the Professional Tax amount to Rs. 175/- instead of Rs. 150/- (for Maharashtra state only). Rest is okay.
Best Regards,
Arun
From India, Mumbai
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Professional Tax is deducted from direct employees working in an organization, and TDS (Tax Deducted at Source) at 10% plus Education Cess, as applicable, is deducted from professionals who work as consultants in the organization.
Secondly, I would like to correct the Professional Tax amount to Rs. 175/- instead of Rs. 150/- (for Maharashtra state only). Rest is okay.
Best Regards,
Arun
From India, Mumbai
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I have a doubt regarding P.T. Is professional tax calculated based on the number of days of attendance, or is it fixed per month? If it is calculated based on the number of days present, how should it be calculated?
Thanks,
Anand Sharma
From India, Hyderabad
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Thanks,
Anand Sharma
From India, Hyderabad
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We are employed in Gujarat with our corporate office in Mumbai, and our salary is being credited from the corporate office. Since the first day, our employees' professional tax has been deducted and deposited in Mumbai only. Now, we want to deposit the tax in Gujarat for employees working there. Will there be any legal problems? Or do we need to acquire another Professional Tax Registration?
With best regards,
Y. Nitesh
From India, Mumbai
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With best regards,
Y. Nitesh
From India, Mumbai
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Hell friends, What is current professional tax slab is it same or it has increased please provide details? With Regards, kalidhasan Natarajan Mbl 09654698631
From India, Delhi
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From India, Delhi
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Hello friends, What is current professional tax slab is it same or it has increased please provide details? With Regards, kalidhasan Natarajan Mbl 09654698631
From India, Delhi
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From India, Delhi
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I wanted know that PT deduction from Employees whether based on take home salary or gross salary, Please guide me
From India, Bangalore
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From India, Bangalore
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Hi friends, kindly help me out in calculating professional tax. Is professional tax calculated taking into account the following components?
Professional Tax is not paid before the 2012-2013 financial year. Please help me understand how to calculate professional tax, including interest and penalty.
From India, Badlapur
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Professional Tax is not paid before the 2012-2013 financial year. Please help me understand how to calculate professional tax, including interest and penalty.
From India, Badlapur
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