Dear Sirs,
Please let me know if any Director/s ( Executive) of a company, who gets professional/consultancy fees from the comapny in monthly basis, should liable to deduct profession tax from his/her consultancy fees. We deduct income tax as per u/s 194J(1)(ba).
If the answer is 'yes' then which process we have to be followed -
1) Deduct P.Tax as per the slab in W.B or
2) Deduct tax of Rs. 2500/- in a year.
Thanks in advance for your kind cooperation.
Regards,
Siddhartha Kar
siddharthak @ evikasystems.co.in