Hello
Can anyone help me with the professiona tax issue. As i am working for 2 company part time basis on salary roll. Both company deducting my Profession Tax. so for the full year i m paying 5000 as PT instead of 2500. So is that correct?
amit (A/c Exect) (26 Points)
07 June 2016Hello
Can anyone help me with the professiona tax issue. As i am working for 2 company part time basis on salary roll. Both company deducting my Profession Tax. so for the full year i m paying 5000 as PT instead of 2500. So is that correct?
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 07 June 2016
firstly limit for professional tax is 2500 per state , so if both companies are in same state then it is common limit for them.
Also you can claim deduction of professional tax paid from salary received while filling return.
shubhamgupta108.blogspot.in
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)