Alex Sharma (CA & ICWA Final student; CS & CFA completed) (194 Points)
05 March 2010
Do we get Deduction on Professional Tax paid..........from Income from Salaries???
Thanks
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 05 March 2010
regards,
ratan
sachin
(Student)
(34 Points)
Replied 05 March 2010
What is current slab rate of professional tax deduction
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 05 March 2010
| Originally posted by : sachin | ||
|
Upto 5000 nil 5000 - 10000 175 above 10000 200 pm (in feb 300) |
What is current slab rate of professional tax deduction |
 |
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 05 March 2010
above is for the state of maharashtra. Different for different regions.
CA Priya
(CS Final)
(1049 Points)
Replied 05 March 2010
Yes.... as rightly said it varies in different states...........
C.Balaji
(Learner)
(1867 Points)
Replied 05 March 2010
Deduction u/s 16 i.e 16 (iii) is available......PF tax varies from state to state...
rohit
(Chartered Accountant)
(101 Points)
Replied 06 March 2010
yeah deduction for professional tax is allowed u/s 16(iii)
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