svenkataram
1

how to compute professional tax? Incentives and EPF can consider computation of Professional tax?
From India, Amalapuram
Sharmila Das
990

Dear Svenkataram,
The professional tax slabs differ from one state to the other. By which means I understand you belong to the AP region and therefore the P.Tax 2012 are as follows:
5001- 6000 is Rs. 60
6001- 10000 is Rs.80
10001 - 15000 is Rs. 100
15001 - 20000 is Rs. 150
20000 and above is rs. 200

From India, Visakhapatnam
svenkataram
1

i know the slabs of PT calculated in AP.i have doubt in what items come under PT calculation.incentives(overtime allowance) and EPF can be consider a salary for calculation of PT???
From India, Amalapuram
Sharmila Das
990

Dear Svenkataram,
P.Tax always deducted on Net Salary, which doesnot include contribution for PF and ESI. It is accountable on Basic Salary+ HRA+ DA and Conveyance allowance + Medical and other Special Allowance if any.
I hope this clarifies your query.

From India, Visakhapatnam
jeevarathnam
633

Hi Ms.Sharmila Das
PT is deducted on the gross pay. Gross pay includes all the incomes as mentioned by you. Deduction calculations happens separately. Net pay will be Gross - All Deductions (ESI, PF, PT etc)

From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.