Yes Rajasekhar. I have already made required correction. Exempted Conveyance Allowance is 9,600/- INR Annum and Exempted Medical Allowance is 15,000/- INR Per Annum.
I hope this will help. Stay in touch.
From India, Mumbai
94I hope this will help. Stay in touch.
From India, Mumbai
#10 Report Violation Today, 10:33 AM Sanjeev.Himachali can you please tell if someone is paying professional tax from last 2 yrs...can that person be able to stop paying P.T in future??
From India, Mumbai
From India, Mumbai
Ankita, professional TAX is a state tax and it is based on your CTC. You cannot stop paying PT as per your wish.
From India, Mumbai
From India, Mumbai
Ok thanks actually in an interview a lady ask such question however I told her that its not possible to stop such tax so she gave me a weird look thats why i got confused..Nwaz thanks a lot
From India, Mumbai
From India, Mumbai
Conveyance Allowance can not be 2,400/- . INR. In this particular case it can only be 800/- INR and remaining 1,600/- INR should be shown as Other Allowance.
Kindly note that Conveyance Allowance of only 800/- INR PM (9,600/- INR Per annum) is exempted under Income Tax. Any other amount over and above 800/- INR under this head will be taxable. For example, in this case...only 800/- INR will be exempted under Income Tax and remaining 1,600/- will be taxable. The company might have decided to put 1,500/- INR under the head of Medical Allowance because then that amount will be exempted under Income Tax.
From India, Mumbai
Kindly note that Conveyance Allowance of only 800/- INR PM (9,600/- INR Per annum) is exempted under Income Tax. Any other amount over and above 800/- INR under this head will be taxable. For example, in this case...only 800/- INR will be exempted under Income Tax and remaining 1,600/- will be taxable. The company might have decided to put 1,500/- INR under the head of Medical Allowance because then that amount will be exempted under Income Tax.
From India, Mumbai
HI Sanjeev, You are right professional tax is State tax; it fluctuates state to state. But Maximum deduction for PT is Rs. 200-/month in metro cities. Not more than that.
From India, Gurgaon
From India, Gurgaon
Hi, This is Mrunalini working as HR Officer ...have a query.. is workmen compensation and personal accident caculate in CTC. Please reply at the earliest ___________ Thanks & Regards,
From India, Pune
From India, Pune
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CTC Breakup.xls
CTC - Breakup.JPG