can any one tell me about PT how i calculate the PT and on which base.Is it gross or basic or net salary
From India, Bangalore
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From India, Bangalore
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Dear Sanchita,
You have to calculate P.Tax as per government specifications on your gross salary. For different stages of salary, there is a fixed amount of P.Tax that will be deducted and deposited as the total amount to the bank. For further help, ask me.
Sanchita
From India, Calcutta
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3You have to calculate P.Tax as per government specifications on your gross salary. For different stages of salary, there is a fixed amount of P.Tax that will be deducted and deposited as the total amount to the bank. For further help, ask me.
Sanchita
From India, Calcutta
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Hi RNS,
PT is calculated on the gross salary. The slabs for calculating PT are as follows:
- If gross is >14999, then PT would be 200.
- If gross is >9999, then PT would be 150.
- If gross is >7999, then PT would be 100.
- If gross is >4999, then PT would be 60.
- If gross is >2999, then PT would be 30.
These are the slabs which we normally follow. Hope your query is solved.
Regards,
Sandhya
From India, Bangalore
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PT is calculated on the gross salary. The slabs for calculating PT are as follows:
- If gross is >14999, then PT would be 200.
- If gross is >9999, then PT would be 150.
- If gross is >7999, then PT would be 100.
- If gross is >4999, then PT would be 60.
- If gross is >2999, then PT would be 30.
These are the slabs which we normally follow. Hope your query is solved.
Regards,
Sandhya
From India, Bangalore
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Hi RNS,
Below mentioned is the slab on which PT will be calculated based on the take-home amount (as per my knowledge):
Salary (take-home) PT to be deducted
Up to 2500/- - nill
2500/- to 3500/- - Rs. 60/- per month
3500/- to 5000/- - Rs. 120/- per month
5,000/- to 10,000/- - Rs. 175/- per month
Above 10,000/- - Rs. 200/- per month.
If there are any updates, please let me know.
Regards,
Akanksha
From India, Pune
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Below mentioned is the slab on which PT will be calculated based on the take-home amount (as per my knowledge):
Salary (take-home) PT to be deducted
Up to 2500/- - nill
2500/- to 3500/- - Rs. 60/- per month
3500/- to 5000/- - Rs. 120/- per month
5,000/- to 10,000/- - Rs. 175/- per month
Above 10,000/- - Rs. 200/- per month.
If there are any updates, please let me know.
Regards,
Akanksha
From India, Pune
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EMPLOYEE SALARY INCOME TAX CALCULATION.xls x