What's the difference between Income Tax and P.Tax?
Answer Posted / kumaran
Income tax is a direct tax which is payable on income earned
as per the income tax slab. Professional tax is a tax on
profession, collected by the employer from Employee salary as
per the statement government rule applicable time to time.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.
How to file the CST return and which form is use.
Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change
For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?
If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.
What is c.s.t slab on furniture & fixture ?
What is difference between Contract and legel and legel and profession service???? I had face this question in interview
What do you mean by vat, vat registration total cost hydra bad in which places
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
What is RITC under UP VAT. and How it is calculated.
What is permanent account number (pan)?