how to compute professional tax? Incentives and EPF can consider computation of Professional tax?
From India, Amalapuram
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1From India, Amalapuram
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Dear Svenkataram,
The professional tax slabs differ from one state to the other. I understand you belong to the AP region, and therefore the P.Tax rates for 2012 are as follows:
- Rs. 60 for income between 5001-6000
- Rs. 80 for income between 6001-10000
- Rs. 100 for income between 10001-15000
- Rs. 150 for income between 15001-20000
- Rs. 200 for income of 20000 and above
Thank you.
From India, Visakhapatnam
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The professional tax slabs differ from one state to the other. I understand you belong to the AP region, and therefore the P.Tax rates for 2012 are as follows:
- Rs. 60 for income between 5001-6000
- Rs. 80 for income between 6001-10000
- Rs. 100 for income between 10001-15000
- Rs. 150 for income between 15001-20000
- Rs. 200 for income of 20000 and above
Thank you.
From India, Visakhapatnam
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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
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From India, Amalapuram
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Dear Svenkataram,
P.Tax is always deducted from Net Salary, which does not include contributions for PF and ESI. It is accountable for Basic Salary, HRA, DA, Conveyance allowance, Medical, and any other Special Allowance.
I hope this clarifies your query.
From India, Visakhapatnam
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P.Tax is always deducted from Net Salary, which does not include contributions for PF and ESI. It is accountable for Basic Salary, HRA, DA, Conveyance allowance, Medical, and any other Special Allowance.
I hope this clarifies your query.
From India, Visakhapatnam
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