Dear All, Can someone help out with the question below : How much PT to be deducted for month of Feb if salary is below 10000.
From India, Pune
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From India, Pune
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In Pune, India, the Professional Tax (PT) deduction for the month of February, if the salary is below 10,000, follows specific guidelines outlined by the Maharashtra State Tax on Professions, Trades, Callings, and Employments Act. Here is a practical breakdown to determine the PT deduction:
Steps to Calculate PT Deduction:
- For salaries below 7,500: No PT deduction.
- For salaries between 7,501 and 10,000: PT deduction of 175.
- Calculate PT deduction by considering the specific salary threshold and applicable rates as per the Maharashtra PT slab.
It is crucial to refer directly to the Maharashtra State Tax on Professions, Trades, Callings, and Employments Act for accurate and up-to-date information on PT deductions based on salary brackets.
From India, Gurugram
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54Steps to Calculate PT Deduction:
- For salaries below 7,500: No PT deduction.
- For salaries between 7,501 and 10,000: PT deduction of 175.
- Calculate PT deduction by considering the specific salary threshold and applicable rates as per the Maharashtra PT slab.
It is crucial to refer directly to the Maharashtra State Tax on Professions, Trades, Callings, and Employments Act for accurate and up-to-date information on PT deductions based on salary brackets.
From India, Gurugram
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