can you tell me profession tax applicable for basic or gross salary.
we considered profession tax on basic salary is correct or wrong
futher my salary structure head as follows:
Basic
House Rent Allowances
Medical Allowances
Seniority Allowances
City Compenstory Allowances
Are above allowance applicable for profession tax? Pls explain me as per income tax rule
I am waiting your reply.
Tanks,
From India, Pune
1we considered profession tax on basic salary is correct or wrong
futher my salary structure head as follows:
Basic
House Rent Allowances
Medical Allowances
Seniority Allowances
City Compenstory Allowances
Are above allowance applicable for profession tax? Pls explain me as per income tax rule
I am waiting your reply.
Tanks,
From India, Pune
Dear Dilip,
As Professional tax is always state specific and the definitionof salary or wages may vary from state to state.
But on a general basis following is the definition :
Salary or Wages includes pay, dearness allowance and all other remunerations including allowances received by any person on a regular basis whether payable in cash or kind and also includes perquisites and profits in lieu of salary as defined in Section 17 of the Income Tax Act, 1961 (No. 43 of 1961) but does not include bonus in any form and on any account, gratuity and pension]
On the basis , all the components of the salry structure defined by you are [paid to the employees are paid on a regular basis. Hence Professional tax shall be levied on The gross salry and not on Basic only.
I think your query s very much clear.
Revert for any clarification.
Adv Naveen Bhardwaj
9871158855
From India, Delhi
As Professional tax is always state specific and the definitionof salary or wages may vary from state to state.
But on a general basis following is the definition :
Salary or Wages includes pay, dearness allowance and all other remunerations including allowances received by any person on a regular basis whether payable in cash or kind and also includes perquisites and profits in lieu of salary as defined in Section 17 of the Income Tax Act, 1961 (No. 43 of 1961) but does not include bonus in any form and on any account, gratuity and pension]
On the basis , all the components of the salry structure defined by you are [paid to the employees are paid on a regular basis. Hence Professional tax shall be levied on The gross salry and not on Basic only.
I think your query s very much clear.
Revert for any clarification.
Adv Naveen Bhardwaj
9871158855
From India, Delhi
Professional tax depends on state & the slab of wages. The wages in PF includes all salary components. regards Amit
From India, New Delhi
From India, New Delhi
Professional tax levied on gross salary, not on basic salary.
the new slab as follows. PT is Rs.150 for Rs.10,000 & above gross sal & Rs.200 for 15000 and above
The professional tax depends on states.
Regards,
Satish
From India, Bangalore
the new slab as follows. PT is Rs.150 for Rs.10,000 & above gross sal & Rs.200 for 15000 and above
The professional tax depends on states.
Regards,
Satish
From India, Bangalore
Hi, Can anyone please explain that why salary split-up is done Eg: Basic House Rent Allowances Medical Allowances DA What is the benefit of having salary structure. Thanks & Regards cgnanij
From India, Madras
From India, Madras
can i know at a present profession tax ? profession tax and I T TAX DIFFRENCE? WHAT IS T.D.S ........... WHAT IS METHODS?
From India, Bangalore
From India, Bangalore
Dear All,
Can you all help me out with this problem? Actually, I have no idea regarding TDS deduction on salary. Please tell me how it is applicable according to the slab wise or state wise, and also explain the method.
Thank you.
From India, Mohali
Can you all help me out with this problem? Actually, I have no idea regarding TDS deduction on salary. Please tell me how it is applicable according to the slab wise or state wise, and also explain the method.
Thank you.
From India, Mohali
Hi all,
I have a query. I am working with a CA firm in Gujarat, and they pay salaries by cheques to the employees. Currently, there are no deductions from the salary for the approximately 20 employees. I would like to know the details of the following:
1. There is no salary structure like basic, HRA, DA, PF, etc. Is it important to have a structure and deduct PF? If not done, could there be any legal actions or difficulties?
2. No professional tax is being paid. Is it compulsory to pay, and if yes, how should I start?
3. Does having a proper salary structure help employees save on income tax?
Please reply. I am confused and cannot find the right direction.
Regards,
Kirty
From India, Mumbai
I have a query. I am working with a CA firm in Gujarat, and they pay salaries by cheques to the employees. Currently, there are no deductions from the salary for the approximately 20 employees. I would like to know the details of the following:
1. There is no salary structure like basic, HRA, DA, PF, etc. Is it important to have a structure and deduct PF? If not done, could there be any legal actions or difficulties?
2. No professional tax is being paid. Is it compulsory to pay, and if yes, how should I start?
3. Does having a proper salary structure help employees save on income tax?
Please reply. I am confused and cannot find the right direction.
Regards,
Kirty
From India, Mumbai
Dear all, Please let me know , What is criteria of ESIC deduction & components are include in earning salary . Regards Sandeep Kumar
From India, Mohali
From India, Mohali
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