Hi,
I get a consolidated salary of Rs. 15,000 per month. I want to know whether I have to pay PF (Provident Fund) or professional tax. What are the criteria for payment of professional tax in Karnataka and the applicable slab rates?
Additionally, how do I calculate my income tax on my salary income and what deductions can I avail? I also have investments in life insurance.
Looking forward to your response soon.
Thank you in advance.
From India, Bangalore
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I get a consolidated salary of Rs. 15,000 per month. I want to know whether I have to pay PF (Provident Fund) or professional tax. What are the criteria for payment of professional tax in Karnataka and the applicable slab rates?
Additionally, how do I calculate my income tax on my salary income and what deductions can I avail? I also have investments in life insurance.
Looking forward to your response soon.
Thank you in advance.
From India, Bangalore
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ya you have to pay PT. Professional Tax Slabs: 1. Upto 9999/- - No Tax 2. 10,000/- to 14,999/- - 150/- 3. 15,000/- and above - 200/- than also please get confirm from some Professional.
From India, Mumbai
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From India, Mumbai
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Dear Urvi,
I think you are a little bit confused in PT, please go through this. If you feel confused by my answer, you may confirm with another HR professional.
2501 To 3500 - 60/-
3501 To 5000 - 120/-
5001 To 10,000 - 175/-
10,000 Onwards - 200 Per Month & for Feb. 300.
Regards,
Salman
From India, Sangli
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I think you are a little bit confused in PT, please go through this. If you feel confused by my answer, you may confirm with another HR professional.
2501 To 3500 - 60/-
3501 To 5000 - 120/-
5001 To 10,000 - 175/-
10,000 Onwards - 200 Per Month & for Feb. 300.
Regards,
Salman
From India, Sangli
Acknowledge(0)Amend(0)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.
Income Tax Calculation 2009-10 - Salaries.xls