what is the eligible to deduct the professional tax?
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Answer Posted / h.r. sreepada bhagi
In Shops & Establishment Act (or other relevant Act if
applicable), Salary Slabs and applicable Profession Rates
will be mentioned. It's Nil to a certain level of salary,
there after progressive rates are levied for higher salary
limits. The rate may differ from State to State in India as
it comes under the purview of State Government.
Besides Salary, Profession Tax is applicable on business
units and others.
For details refer the relevant Act in the State you need to
use it.
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My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
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