Professional Tax (PT)
From this page, you can create the Professional Tax Slabs.
Pro Tax Slab Name:
Enter a name to identify this professional tax slab.
Applicable From:
Select the date from which this tax slab will be effective.
Upper Limit:
Enter the upper salary limit for this slab. This defines the maximum salary amount up to which this slab applies.
Pro Tax Bare By:
Defines who bears the professional tax. Select one of the following:
- Employee
- Employer
- Both
State:
Select the state for which this professional tax slab is applicable. Professional tax rules vary by state in India.
District:
Select the district within the chosen state.
City:
Select the city within the chosen district.
Note: The location specified in this part should also be defined previously in the Branch page. That branch would be assigned to the employee.
Applicable On:
Select when the professional tax is applicable:
- Gross Pay
- Net Pay
Tax Slab Configuration:
This section defines the salary ranges and their corresponding tax amounts. You can add multiple slabs using the + button.
From Value:
Enter the minimum salary amount for this slab range.
To Value:
Enter the maximum salary amount for this slab range.
Calculate On:
Select the salary component on which the tax will be calculated:
- Actual
- Basic
- Fixed Value
- Upper Limit
% / Absolute:
Define whether the tax amount is a percentage of salary or a fixed amount.
- Percentage(%) — tax is calculated as a percentage of the salary
- Amount — tax is a fixed amount regardless of the exact salary within the range
Applicable Slab:
Enter the tax amount applicable for this salary range.
Click + to add the slab to the table below. You can add as many slabs as needed to cover the full salary range.