Hi Experts,
Bihar professional tax deduction is monthly or yearly? In the month of October professional tax will deduct as per the below slabs please guide.
1. Persons whose income exceeds three lacrupees per annum but does not exceed fivelac rupees per annum. -- One thousand rupees per annum.
2. Persons whose income exceeds five lacrupees per annum but does not exceed ten
lac rupees per annum. -- Two thousand rupees per annum.
3. Persons whose income exceeds ten lac rupees per annum. - Two thousand and five hundred rupees
per annum.
Thanks and Regards
Ratan
From India, Delhi
Bihar professional tax deduction is monthly or yearly? In the month of October professional tax will deduct as per the below slabs please guide.
1. Persons whose income exceeds three lacrupees per annum but does not exceed fivelac rupees per annum. -- One thousand rupees per annum.
2. Persons whose income exceeds five lacrupees per annum but does not exceed ten
lac rupees per annum. -- Two thousand rupees per annum.
3. Persons whose income exceeds ten lac rupees per annum. - Two thousand and five hundred rupees
per annum.
Thanks and Regards
Ratan
From India, Delhi
Hi Experts,
As per new legal change, Professional Tax has been implemented for state of Bihar. For Professional Tax computation, new slabs and corresponding deduction amounts have been introduced based on Annual Basis Computation. Professional Tax Basis is computed (using projection) in the month of September and subsequently, Professional Tax deductions are made in the same month.
Regards
Ratan
From India, Delhi
As per new legal change, Professional Tax has been implemented for state of Bihar. For Professional Tax computation, new slabs and corresponding deduction amounts have been introduced based on Annual Basis Computation. Professional Tax Basis is computed (using projection) in the month of September and subsequently, Professional Tax deductions are made in the same month.
Regards
Ratan
From India, Delhi
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