07-18-2009, 04:57 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by abbas_chinikham</i>
<br />Faisal,
I am bit confuse about the category u mentioned .. Please explain if possible !
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
what is misunderstanding?
Note the following examples,
<b>Category 1</b> If your company has 20 employees, out of those, salary of 10 employees is subjected to the income tax deduction u/s 149, then Rs. 1500 (150*10)will be the amount of professional tax regardless of company's tax obligation toward professional.
<b>Category 4</b> Those establishments, whose income is not subjected to the taxation under Division 2 of part 1 of first schedule, shall have to pay Rs. 500 toward professional tax obligation.
In my opinion, Other categories do not require any explanation.
Best Regards,
<br />Faisal,
I am bit confuse about the category u mentioned .. Please explain if possible !
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
what is misunderstanding?
Note the following examples,
<b>Category 1</b> If your company has 20 employees, out of those, salary of 10 employees is subjected to the income tax deduction u/s 149, then Rs. 1500 (150*10)will be the amount of professional tax regardless of company's tax obligation toward professional.
<b>Category 4</b> Those establishments, whose income is not subjected to the taxation under Division 2 of part 1 of first schedule, shall have to pay Rs. 500 toward professional tax obligation.
In my opinion, Other categories do not require any explanation.
Best Regards,
