So confused about Profession tax deduction. i want to know profession tax is decided on fixed salary of employee or actual salary?
From India, Ahmedabad
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From India, Ahmedabad
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Profestionl Tax is calculations are Based on the states as our Telangana state P.T Slabes rates are below 0- 15000/- Nil 15000 - 20000 150/- 20000/- Above 200/-
From India, Hyderabad
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From India, Hyderabad
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Dear Pinal, Professional Tax is payable on actual earned salary. If the employee worked for full month then it is on his/her gross salary. Regards, Suresh
From India, Thane
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From India, Thane
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Relevant state government issues the salary slab on which a particular amount is required to be deducted from the actual salary earned. For example:
Slab Amount to be Deducted
0-15000/- Nil
15000-20000 150/-
20000/- Above 200/-
From India, Vadodara
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Slab Amount to be Deducted
0-15000/- Nil
15000-20000 150/-
20000/- Above 200/-
From India, Vadodara
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As per the Andhra and Telangana state rules (as per current understanding, both the states follow the same rules), the deduction is based on salary/wage earned, monthly. The definition of wage/salary is as follows:
"Salary or wages" includes pay, wages, dearness allowances, and all other remuneration received by any assessee on a regular basis, whether payable in cash or kind. It also includes requisitions and profits in lieu of salary as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form or on any account or gratuity.
I suggest bookmarking this source wiki https://www.stacowiki.in for future reference as well.
From India, Bangalore
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"Salary or wages" includes pay, wages, dearness allowances, and all other remuneration received by any assessee on a regular basis, whether payable in cash or kind. It also includes requisitions and profits in lieu of salary as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form or on any account or gratuity.
I suggest bookmarking this source wiki https://www.stacowiki.in for future reference as well.
From India, Bangalore
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Professional tax hyderabad.doc
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