if I am practicing as a CA then I have to pay tax but I have employees who receive salary then I have to deduct profession tax from their salary also...is it right???
means I have to pay tax twice
1. from my professional income
2. by deducting tax from salary of my employees
is it correct???
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Profession tax
Replies (3)
Yes, As a Practicing CA you have to pay PT.
And if you have a Employees to whom you pay salary above certain limit then you have to deduct prescribed amount of PT from their salary and requires to deposit it with Goverment.
it's not twice...
You Paid Your PT as Professionals.
And You deducted PT from Salary of Employee, that's Employee's PT.. Employee will get Deduction from Salary income while filing his/her Income tax return.
So, You are not paying twice..
And if you have a Employees to whom you pay salary above certain limit then you have to deduct prescribed amount of PT from their salary and requires to deposit it with Goverment.
it's not twice...
You Paid Your PT as Professionals.
And You deducted PT from Salary of Employee, that's Employee's PT.. Employee will get Deduction from Salary income while filing his/her Income tax return.
So, You are not paying twice..
Okay...got it..thanks a lot sir...
Most welcome....
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