Dear All,
Please help me out with this query that if employee's salary is 25000/- (Male) and we are issuing him diwali bonus in advance (seperately) before his salary. In this case, will the professional tax be deducted???
Regards,
Dhanashree
From India, Pune
1Please help me out with this query that if employee's salary is 25000/- (Male) and we are issuing him diwali bonus in advance (seperately) before his salary. In this case, will the professional tax be deducted???
Regards,
Dhanashree
From India, Pune
Dear Dhanashree, Can you please explain the term " Processing Tax " elaboration can make us understand the question & so that to answer the query
From India, Pune
From India, Pune
Never Heard of such a TAX!!!!!!!...I am afraid if HRD Ministry Official in this site picks up a clue an introduces this type of Tax....we already have enough taxes to burden us!........I Sincerely hope its Professional Tax which is mis-spelled....rgrds
From India, Mumbai
From India, Mumbai
Appologies for the posting. Actually my collegue raised the Q and I was not aware about Term, "prossessing tax" (which now I come to know, doesn't exist) so I posted the same query & later she cleared it that she was talking about the Professional Tax, which I later explained to her.
This all was basically due to mis-communication. Really sorry to take your time.
Thank You!!
From India, Pune
This all was basically due to mis-communication. Really sorry to take your time.
Thank You!!
From India, Pune
how to fill profession tax returns? and what is the procedure for payment of Profession tax deducted from salary of employees to govt? what is due dates of filing profession tax returns?
From India, Pune
From India, Pune
First you need to apply for a PT Number & Registration. It takes a couple of months to get the number depending on the state you are applying in. Once you get the PT Number then You can get the Professional Tax Challan from any Stationary Shop or download from the net or from the official state govt tax sites. Fill the Challan. You can pay it Monthly, Quarterly, Half yearly or Annually. You need to fill the the totals according to the PT Slabs for your state. Please check the PT Slabs for your state by searching on this site itself or on the net. A cheque drawn in favour of SBI alongwith the challan needs to be deposited at the bank. There is a lot of information avialable on Cite HR on PT which you can go through as a guide on the same..........rgrds
From India, Mumbai
From India, Mumbai
i thing it is professional tax...
Professional tax calculation purpose "salary or wages" includes pay, or wages, dearness allowances and all other remuneration received by any assessee on regular basis, whether payable in cash or kind and also includes requisitions and profits in lieu of salary as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form and on any account or gratuity.
So PT is not applicable on bonus.
From India, Hyderabad
Professional tax calculation purpose "salary or wages" includes pay, or wages, dearness allowances and all other remuneration received by any assessee on regular basis, whether payable in cash or kind and also includes requisitions and profits in lieu of salary as defined in section 17 of the Income-tax Act, 1961, but does not include bonus in any form and on any account or gratuity.
So PT is not applicable on bonus.
From India, Hyderabad
Why Paid P. Tax it is compulsary.? P.Tax benefits to Tax payer. or workers Subhash +919922209111
From India, Pune
From India, Pune
I am afraid to hear this ...any kind of Procession will be taxed henceforth???;) Regards Parul
From India, Pune
From India, Pune
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Professional tax hyderabad.doc
Professional Tax.zip
Professional Tax 01-Apr-2009.pdf