Salary P Tax Slab

Union Budget 2020 left Indian Taxpayers in a fuss offering two tax slabs to opt for with a pinch of a curb in it. P11Tax new slab from.

Income Slabs 2020 Budget 2020 Highlights Income Tax Credit Card Design Budgeting

You can then look at your states professional tax slab and determine your tax amount.

Salary p tax slab. Where taxable income exceeds Rs. The important thing is these slabs differ from state to state in India. Generally it is Rs 200 per month provided the maximum tax in a financial year should not be above Rs 2500.

100 Rs month. Yearly 30th March. Between 160001 To 300000 150000.

Hence one can opt. Tax Applicable for Individual HUF Below 60 Years. Following are the tax slabs for salaried persons to be applicable during tax year 2021 20202021.

The current tax year is from 6 April 2021 to 5 April 2022. This article unwinds the features of the new tax structurecompares the new tax scheme vs the old to provide you with relief from the dilemma. Income Up to Rs250000 Nil.

2500 which is allowed as a deduction from your salary. This must be done keeping your salary amount in mind. 8334 Rs 10416 Rs.

Rate of P Tax per month Upto Rs10000. The tax Slab rates in West Bengal on SalaryWage earners are as follows. According to the budget announcement for the FY 2019-20 tax slab for male and female Indian resident.

Every years on day 30 of March. In order to calculate professional tax you will need to first consider if professional tax is applicable in your state. According to the new income tax slab rate post budget 2020 20 of your taxable income is however liable for the tax deduction.

All You Need To Know. The tax rate shall be zero percent. In case of any delay in depositing this tax in West Bengal Government Interest at 1 pm would be levied.

Rs12500 20 of total income remaining after Rs500000. Accordingly you will be able to see how much professional tax is deductible per month or annually. PTax new slab from july09pdf.

A penalty of 50 of the total amount due may also be levied by the West Bengal government. Though the new tax regime has slashed the income tax rates it came out with a backdrop of eliminating tax exemptions. You can set limit of ESIPFIncome Tax Slab for Man and WomanSurchage settingProfessional Tax.

Where taxable income does not exceed Rs. 167 Rs month. Rs112500 30 of total income remaining after Rs1000000.

If a taxable income is Rs 10 lakh per annum then you will fall into the tax slab of Rs 10 lakhs to 125 lakhs. Last Date Of Filing Returns. Upto 160000 000.

Salary INR PT Amount. 5 of total income remaining after Rs250000. 200 Rs month.

Get accurate Professional Tax Slab rate for Punjab other details like PT act rule filing of returns p tax registration due dates PT deduction PT exemption PT challan latest professional tax amendment notifications. Monthly Gross Salary or Wages. The income tax rate is levied based on a slab system under which individuals pay taxes at different rates basis their income slab.

Up to 4250 Rs. The tax rate shall be 5 percent of the amount exceeding Rs. 600000 but does not exceed Rs.

208 Rs 212 Rs for last month. You can set Categoeries of Fixed earning-Other Earning-Fixed deduction-Other deduction in Salary Slip. The maximum amount of professional tax levied by a state is Rs.

4251 Rs 6250 Rs. Above 300001 250000. How to calculate professional tax.

10417 Rs or Above. Program is Designed on Two mode 1 In Auto mode salary slip will be generated as per Your predefined data given in Company Detail Sheet. 6251 Rs 8333 Rs.

The maximum amount of PT that may be levied by any State in a Financial Year is Rs 2500-. My Salary slab of Kolkata IS 0-8500 is Nil 8501-10000-90 10001-15000 IS 110 15001-25000 is 130 25001-40000 is 150 and above 40000 is 200. Income tax slabs are revised every year during the budget keeping in mind the individual taxpayers.

Professional tax is calculated on the basis of preset slabs which depends on the monthly or yearly salary. Your tax-free Personal Allowance The standard Personal Allowance is 12570 which is the amount of income you do not have to pay tax on. HI Even im trying to apply the same formula but its not happening but my salary slab is different so please help to create IF formula.

Professional Tax Slab West Bengal for the Financial Year 2020-2021 for Monthly Salary and Wages. The Professional tax slabs rate is fixed based on the Income Slab of an Individual. Professional Tax Slabs Rates for the Financial Year 2021-22 Professional Tax Enrolment Registration.

These are the various states which levy PT or professional tax.

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