Rs. 300/- profession tax is ok in February but my question is if company starts deducting tax in the middle of the year like Oct what will be the tax slab? whether the profession tax will be deducted on salary of Rs.10000/or more Rs.200/ from Oct to March or Rs. 300/will be for the month of Feb.? please suggest..
From India, Amravati
From India, Amravati
Hi Deepak,
If employee joined in Oct., you will start deducting Professional tax (PT) from that month.
For gross salary till Rs. 10,000/- deduction is Rs. 175/- per month in Maharashtra. For salary more than Rs. 10,000/- PT will be Rs. 2500/- per annum (in Feb. Rs. 300/-)
Please refer tax slabs of your state and deduct accordingly.
From India, Pune
14If employee joined in Oct., you will start deducting Professional tax (PT) from that month.
For gross salary till Rs. 10,000/- deduction is Rs. 175/- per month in Maharashtra. For salary more than Rs. 10,000/- PT will be Rs. 2500/- per annum (in Feb. Rs. 300/-)
Please refer tax slabs of your state and deduct accordingly.
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Profession Tax.doc
Profession tax rates.jpg