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how to Caluculate professional Tax
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Answer / h.r. sreepada bhagi
Professional Tax needs to be paid by Salaried persons,
Professionals (Self employed) and also business concerns
(Companies, Partnership Firms, etc.
The amount of tax may change from state to state in India,
as it's payable to the Commercial Taxes department of the
state under the state Law. For slabs & rates refer to the
relevant Act or find out from the Commercial Taxes department.
It's better to refer the latest edition of any Act relevant
to our requirement or work as it changes from time to time
and differ from state to state in case of State Laws.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sukanya
profession tax is calculated on basic salary @ 1.75%
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nagesh
Salary up to Rs.5000/- Nil
Salary Rs.5000/- To Rs.10000 /- Rs.175 PT Should be
deducted from the salary
And Salary above Rs. 10000/- Rs.200 PT Should Be Deducted
from salary
| Is This Answer Correct ? | 3 Yes | 8 No |
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