When any employee is transferred from one branch of the organization to another branch on any day of the month, and the branch is located in a different state, how will the P.TAX be calculated? The Profession Tax rate varies from one state to another. How do I calculate the Profession Tax?
Thank you.
From India, Kolkata
Thank you.
From India, Kolkata
Hi, No issues, it can be paid to the applicable state, considering the 'Transfer Date' (with effect from) & the last payroll processed month...
From India, Chennai
From India, Chennai
[QUOTE=desubhashiskol;2070655]
My point is that suppose one employee is transferred from one branch located in Kolkata on 15/06/2012 to the Mumbai branch in the same month. At the time of generating pay for the same month, how will I calculate the P.Tax because both states have different P.Tax slabs, and P.Tax challan is deposited on a monthly basis? Will the P.Tax be calculated as half of the earlier branch and half of the latest branch?
From India, Kolkata
My point is that suppose one employee is transferred from one branch located in Kolkata on 15/06/2012 to the Mumbai branch in the same month. At the time of generating pay for the same month, how will I calculate the P.Tax because both states have different P.Tax slabs, and P.Tax challan is deposited on a monthly basis? Will the P.Tax be calculated as half of the earlier branch and half of the latest branch?
From India, Kolkata
Normally, the PT is not bifurcated based on the transfer date. It is to be paid in the next state in which one is transferred. You need to check in which state an employee is working at the time of processing salaries, i.e., at the end of the month. The applicable PT law of that state shall be applicable for the entire wages, not proportionately.
From India, Mumbai
From India, Mumbai
CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.