Dear Sir/Madam,
How many type of taxes are there which can be deducted from the process of salary. And please suggest me how can we file it/Submit the returns. And when can we deduct from salary process of the employee
From India, Bangalore
1How many type of taxes are there which can be deducted from the process of salary. And please suggest me how can we file it/Submit the returns. And when can we deduct from salary process of the employee
From India, Bangalore
Hi
There are 2 Taxes.
1) PT there are various slabs for PT. 0-9999 no Yax, from 10000-14999 is rs 150 & 15000 & above 200/- This should be deducted monthly basis & remit the same to respective PT office.
2) TDS (Income Tax) for this there are various calculations & factors like savings, other income, Housing Loan etc.
Based on that you should deduct monthly and remit the same to Income tax department.
The above should be deducted from the employee only
Apart from that there are below deductions tooo
those are
ESI & PF. For that you should enroll with the same. For ESI & PF both EE & ER should contribute
From India, Bangalore
There are 2 Taxes.
1) PT there are various slabs for PT. 0-9999 no Yax, from 10000-14999 is rs 150 & 15000 & above 200/- This should be deducted monthly basis & remit the same to respective PT office.
2) TDS (Income Tax) for this there are various calculations & factors like savings, other income, Housing Loan etc.
Based on that you should deduct monthly and remit the same to Income tax department.
The above should be deducted from the employee only
Apart from that there are below deductions tooo
those are
ESI & PF. For that you should enroll with the same. For ESI & PF both EE & ER should contribute
From India, Bangalore
For employees those who work in India, Professional Tax and Income Tax are applicable.
Fellow citehr member Jeevarathnam has already given details on tax details
If you want more details and see how to simplify the returns generation, refer the following wiki
Professional Tax
Income Tax
From India, Bangalore
Fellow citehr member Jeevarathnam has already given details on tax details
If you want more details and see how to simplify the returns generation, refer the following wiki
Professional Tax
Income Tax
From India, Bangalore
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