yashsr (CA) (2285 Points)
21 August 2012Hello,
A Chartered Accountant in practice has employed a person on salary paying Rs.15000 per month(Rs.180000 annually). Now, what are the compliances with regards deductions to be made... Provident Fund, Profession Tax etc.?
Also, what happens if the salary is Rs.25000 per month? TDS will be deducted in this case I know but what about Provident Fund, Profession Tax etc.?
sairam
( CA -FINAL)
(46 Points)
Replied 21 August 2012
We are salary reach Rs.180000/- your employer can deduct TDS amount , professional tax as per slabs of PT Act
as per monthly salaries
upto 5000/- PT deducted Nil
5000 to 6000 PT deducted 60/-
6000 to 10000 PT Deducted 80/-
10000 to 15000 PT deducted 100/-
15000 to 20000 PT deducted 150/-
Above 20000 PT deduccted 200/-
Your Slab were 10000 to 15000 your employer deduct every month Rs. 100/- can deposited professional tax
yashsr
(CA)
(2285 Points)
Replied 21 August 2012
| Originally posted by : sairam | ||
 |
We are salary reach Rs.180000/- your employer can deduct TDS amount , professional tax as per slabs of PT Act as per monthly salaries upto 5000/- PT deducted Nil 5000 to 6000 PT deducted 60/- 6000 to 10000 PT Deducted 80/- 10000 to 15000 PT deducted 100/- 15000 to 20000 PT deducted 150/- Above 20000 PT deduccted 200/- Your Slab were 10000 to 15000 your employer deduct every month Rs. 100/- can deposited professional tax |
 |
Slab rates in Maharashtra are a little different. Anyways, is it compulsory to deduct Profession Tax in all cases?
And what about Provident Fund?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
