18 December 2009
I have recently joined as Admin cum Accounts if a Charitable and Religious Trust in Karnataka. Since the trust recently started and now 6 employees being recruited-whether Professional Tax to be deducted from the salary? What other legal requirement to be complied as an accounts-admin? Please reply Thanks and Regards, Akshay.G
19 December 2009
you have to first find your Karnataka P.T rules(slabwise) then every month you have to deduct PT on it. afterthen you need to calculate yearly salary and less the deduction of every employees,if they have taxable income so you need to deduct tax on monthly basis.
19 December 2009
Dear Murtaza, Thank you for the quick reply. But they give consolidated salary- (no split off like basic+da etc) How can I suggest them to split of salary? Is it compulsory register for PT deduction?
CAclubindia
