Profession tax, Telangana
This query is : Resolved
12 May 2020
On what salary do we consider Profession tax slab for Telangana state?
Is it the net salary (after all deductions like TDS, PF, ESI, Advance) or Gross salary(after leaves) or Actual salary of an employee?
Is it the net salary (after all deductions like TDS, PF, ESI, Advance) or Gross salary(after leaves) or Actual salary of an employee?
13 May 2020
Professional tax is calculated on Gross salary earned during the month before any deduction.
Message likes :
1 times
17 May 2020
I am not clear about Gross salary.
Suppose actual pay of an employee is 20000/- p.m., leaves are 10 days, so (20000/31)*10=6452/- , then is gross salary (20000-6452=13548/-)?
Please clarify. Is it this amount on which PT has to be considered?
Appreciate early reply.
Suppose actual pay of an employee is 20000/- p.m., leaves are 10 days, so (20000/31)*10=6452/- , then is gross salary (20000-6452=13548/-)?
Please clarify. Is it this amount on which PT has to be considered?
Appreciate early reply.
21 May 2020
I think it should be based on Net Salary Payable to the employee but before deduction of any taxes like TDS, or loan/advance/purchases. It would be very unfair if we pay according to Gross Salary as suppose someone may have 20 days of leave but still he will be paying professional tax on his full salary which is never received in the month. If there are a lot of leaves or absence then it is logical to pay as per reduced salary slabs only.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
