Dear All I want to know whether professional tax deducted based on the basic salary or total salary and also want to know whether tax deducted from basic salary Thanks & Regards John Mathew
From India, Coimbatore
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1From India, Coimbatore
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Hi, Professional Tax will deduct on Earned Gross Salary only...
From India, Hyderabad
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From India, Hyderabad
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Professional tax is deducted on the total gross salary earned. If you are asking about tax deducted from the basic salary, please clarify so I can provide a more accurate response. To the best of my knowledge, there is no tax component calculated solely on the basic salary; the basic salary is primarily considered for PF (Provident Fund) calculations.
If you are referring to TDS (Tax Deducted at Source), then it is calculated based on the total taxable income.
From India, Ahmadabad
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If you are referring to TDS (Tax Deducted at Source), then it is calculated based on the total taxable income.
From India, Ahmadabad
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Excel sheet for Tax deduction.xls
Deduction of Tax from Salaries FY 2022-23.pdf