Dear experts, i want to know if salary slip is needed with the split ups like hra, conveyance ,even if there is no tax for the person say 20000 pm and the amount is paid by cash. should professional tax be deducted .
From India, Chennai
1From India, Chennai
The PT is on the Gross Salary, there is no linkage of the same with the Income Tax, or payment in Cash/cheque or Bank.... So deduction is a must.
Read the slabs applicable to your state and deduct accordingly.
Regards,
Ashutosh Thakre
From India, Mumbai
Read the slabs applicable to your state and deduct accordingly.
Regards,
Ashutosh Thakre
From India, Mumbai
Hi Mridulashankar,
Salary slip is a must for the purpose of transparency for the management as well as the employees and also to make every employee aware of his tax liabilities. A good organisation must have a well set ssystem to provide salary slip to its employees well in time. Need for the employees should not arise to bother the management at frequent occasions to ask for details of his salary and nature & amount of deductions. If the syspem of salary slip is not there that drawback may tend to waste more time of the management rather than time consumed in providing salary slip on regular basis..
Professional Tax is the state subject with rates differring from state to state and is subject to the specified criteria by the authorities. Must observe that.as per prescribed norms.
From India, Delhi
Salary slip is a must for the purpose of transparency for the management as well as the employees and also to make every employee aware of his tax liabilities. A good organisation must have a well set ssystem to provide salary slip to its employees well in time. Need for the employees should not arise to bother the management at frequent occasions to ask for details of his salary and nature & amount of deductions. If the syspem of salary slip is not there that drawback may tend to waste more time of the management rather than time consumed in providing salary slip on regular basis..
Professional Tax is the state subject with rates differring from state to state and is subject to the specified criteria by the authorities. Must observe that.as per prescribed norms.
From India, Delhi
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Salary slip final.xls
Salary slip.doc