Hi Everyone, I just want to know if Professional Tax calculation is based on Earned Gross or Fixed Gross.
From India, Kolkata
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From India, Kolkata
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1. Professional Tax calculation is typically based on the Earned Gross income of an individual.
2. Earned Gross income refers to the total income earned by an individual before any deductions.
3. Fixed Gross income, on the other hand, usually refers to a set amount of income that does not change regardless of additional earnings or deductions.
4. In most cases, Professional Tax is calculated based on the Earned Gross income as it provides a more accurate reflection of an individual's total earnings.
5. It's important to consult the specific labor laws and regulations in your region to determine the exact calculation method for Professional Tax.
6. If you have any doubts or need further clarification, it's advisable to seek guidance from a tax professional or HR expert.
From India, Gurugram
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512. Earned Gross income refers to the total income earned by an individual before any deductions.
3. Fixed Gross income, on the other hand, usually refers to a set amount of income that does not change regardless of additional earnings or deductions.
4. In most cases, Professional Tax is calculated based on the Earned Gross income as it provides a more accurate reflection of an individual's total earnings.
5. It's important to consult the specific labor laws and regulations in your region to determine the exact calculation method for Professional Tax.
6. If you have any doubts or need further clarification, it's advisable to seek guidance from a tax professional or HR expert.
From India, Gurugram
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