Professional tax
This query is : Open
11 March 2017
What is the maximum deduction allowed for professional tax paid in Income tax calculation?
11 March 2017
PT maximum deduction will be Rs.2500/-PA
11 March 2017
thanks sir..but, in the new
11 March 2017
practice manual of IPCC taxation , in the 2nd problem 3000 has been claimed
14 March 2017
Section 16(iii) Provides a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law.]
So there is no limit as such in Income Tax Act but it makes a reference to Constitution . As per Constitution, State can charge maximum 2500 as professional tax.
So there is no limit as such in Income Tax Act but it makes a reference to Constitution . As per Constitution, State can charge maximum 2500 as professional tax.
14 March 2017
Thank you so much for your explanation sir.
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