Dear experts,
I want to know if a salary slip is needed with the breakdown of components like HRA and conveyance, even if there is no tax for the individual earning 20,000 per month and the amount is paid in cash. Should professional tax be deducted?
Thank you.
From India, Chennai
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1I want to know if a salary slip is needed with the breakdown of components like HRA and conveyance, even if there is no tax for the individual earning 20,000 per month and the amount is paid in cash. Should professional tax be deducted?
Thank you.
From India, Chennai
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The PT is on the Gross Salary. There is no linkage of the same with the Income Tax, or payment in Cash/cheque or Bank. So deduction is a must. Read the slabs applicable to your state and deduct accordingly.
Regards,
Ashutosh Thakre
From India, Mumbai
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Regards,
Ashutosh Thakre
From India, Mumbai
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Hi Mridulashankar,
A salary slip is essential for transparency for both the management and employees, ensuring awareness of tax liabilities. A good organization should have a well-established system to provide salary slips to employees promptly. The need for employees to repeatedly ask for salary details and deductions should not arise. Without a system for salary slips, the management's time may be wasted more than the time spent providing salary slips regularly.
Professional Tax Considerations
Professional Tax is a state-specific matter with varying rates across states, subject to specified criteria by the authorities. It is crucial to observe and adhere to the prescribed norms.
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I have corrected the spelling, grammar, and punctuation errors in the text provided and ensured proper paragraph formatting for better readability. Let me know if you need further assistance.
From India, Delhi
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A salary slip is essential for transparency for both the management and employees, ensuring awareness of tax liabilities. A good organization should have a well-established system to provide salary slips to employees promptly. The need for employees to repeatedly ask for salary details and deductions should not arise. Without a system for salary slips, the management's time may be wasted more than the time spent providing salary slips regularly.
Professional Tax Considerations
Professional Tax is a state-specific matter with varying rates across states, subject to specified criteria by the authorities. It is crucial to observe and adhere to the prescribed norms.
---
I have corrected the spelling, grammar, and punctuation errors in the text provided and ensured proper paragraph formatting for better readability. Let me know if you need further assistance.
From India, Delhi
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