Professional Tax deducted by both companies

One employee joined us by mid of July, 2013. His previous company deducted Professional Tax of Rs.1250/- (for Apr-Jul). We also deducted Rs.1250 each for both half yearly deduction. His previous company form 16 shows this Rs.1250 under exemption. Form 16 given by us also shows Rs.2500 under exemption. So while filing the return where should this excess amt (Rs.3750-2500)shown under exemption to be adjusted. Please clarify.

Thank you.

asked Jul 26 '13 at 15:48 by HRIM 12823


There is no income tax on profession tax, as employee never gets this amount. Rs 3750 was deducted from employee's income by two employers for professional tax, so this amount should not be added to his taxable and should be exempted.

answered Jul 27 '13 at 21:16 by Pankaj Batra 5.2k320

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×61
×2
×1
×1

Asked: Jul 26 '13 at 15:48

Seen: 1,623 times

Last updated: Jul 27 '13 at 21:16