Explain the steps as to how Professional Tax be claimed as a deduction u/s 16(iii) by a Handicapped employee ? Does it need to be adjusted while changing a job in the state government ?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 26 March 2022
ALAMELU.N.N
(student)
(258 Points)
Replied 27 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 28 March 2022
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 18 April 2022
Under Section 16(iii), a deduction from salary can be claimed by the taxpayer on account of professional tax paid. The deduction for professional tax will be allowed in the year in which the tax is actually paid by the employee. Professional tax due but not paid cannot be claimed as a deduction from salary.