Hi Citehr members, Does payment of Bonus attracts deduction towards Professional Tax? Looking out for your help! Srinaren
From India, Bangalore
16From India, Bangalore
Hi Srinivasan, Yes of course PT is to be deducted. As PT is on Gross Salary and Bonus is part of Gross Salary it is necessary. Regards, Sree
From United States
From United States
Hi Srinivasan, Yes of course PT is to be deducted. As PT is on Gross Salary and Bonus is part of Gross Salary it is necessary. Regards, Sree
From United States
From United States
Bonus is not a part of Gross Salary , it is a yearly emoluments, hence is not applicable for PT. Bibek Banerjee
From India, Calcutta
From India, Calcutta
Dear all,
Bonus is a part of Gross Income, hence Income tax is deductable (if applicable). But Professional Tax is totally different concept (deduction)
There won't be any PT deduction on Bonus
Prasanna
From India, Mumbai
Bonus is a part of Gross Income, hence Income tax is deductable (if applicable). But Professional Tax is totally different concept (deduction)
There won't be any PT deduction on Bonus
Prasanna
From India, Mumbai
Dear Srinaren
Usually tbe power to collect Professional Tax vest with Local Self Goverment institutions ( Panchayath,Muncipal Coprporation Etc).For Each state there are seperate Acts and Rules to geovern these institions.Acciording to Kerala Panchayath Raj Act Sec 205 F and the rules there under, Bonus also has to be taken for computing the Professional Tax.I find no other reason to include a cluase contraty to this in the Act applicable to your area.Hope this will clarify the doubt
Nasir Ali
From India, Thiruvananthapuram
Usually tbe power to collect Professional Tax vest with Local Self Goverment institutions ( Panchayath,Muncipal Coprporation Etc).For Each state there are seperate Acts and Rules to geovern these institions.Acciording to Kerala Panchayath Raj Act Sec 205 F and the rules there under, Bonus also has to be taken for computing the Professional Tax.I find no other reason to include a cluase contraty to this in the Act applicable to your area.Hope this will clarify the doubt
Nasir Ali
From India, Thiruvananthapuram
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Professional tax hyderabad.doc
Professional Tax.zip
Professional Tax 01-Apr-2009.pdf