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It will be better practice to deduct PT Monthly from the employee's salary.
Remittance to state govt will be based on your state. Which state you belong to? Does your state allow monthly PT remittance?
If in your state PT is to be deposited half yearly, consolidated PT dedcted from monthly salary will be deposited
From India, Mumbai
Remittance to state govt will be based on your state. Which state you belong to? Does your state allow monthly PT remittance?
If in your state PT is to be deposited half yearly, consolidated PT dedcted from monthly salary will be deposited
From India, Mumbai
Hi Nandini,
As our seniors suggested PT is monthly payout as per state government rule I didn't find any half yearly and annual payments excepts(Managing Partners).
So best to do is deducted on monthly basis as per state government policy .
From India, Vijayawada
As our seniors suggested PT is monthly payout as per state government rule I didn't find any half yearly and annual payments excepts(Managing Partners).
So best to do is deducted on monthly basis as per state government policy .
From India, Vijayawada
Hi Nandini,
I think your from TN if its right
As our seniors suggested PT is monthly payout as per TN state government rule I didn't find any half yearly and annual payments excepts(Managing Partners).
So best to do is deducted on monthly basis as per state government policy as below.
Monthly salary (in Rs.) Tax (in Rs. Per month)
Up to Rs.3,500-Nil
Rs.3,5001 to Rs.5,000-Rs.22.5
Rs.5,001 to Rs.7,500-Rs.52.5
Rs.7,501 to Rs.10,000-Rs.115
Rs.10,001 to Rs.12,500-Rs.171
Above Rs.12,500-Rs.208
From India, Vijayawada
I think your from TN if its right
As our seniors suggested PT is monthly payout as per TN state government rule I didn't find any half yearly and annual payments excepts(Managing Partners).
So best to do is deducted on monthly basis as per state government policy as below.
Monthly salary (in Rs.) Tax (in Rs. Per month)
Up to Rs.3,500-Nil
Rs.3,5001 to Rs.5,000-Rs.22.5
Rs.5,001 to Rs.7,500-Rs.52.5
Rs.7,501 to Rs.10,000-Rs.115
Rs.10,001 to Rs.12,500-Rs.171
Above Rs.12,500-Rs.208
From India, Vijayawada
Dear Nandini,
PT has to be deducted and paid monthly.
but in case of PT return....
If your annual deduction of PT crosses 50,000 rupees you need to file monthly PT return.
if your annual deduction of PT is below rupees 50,000 then yearly PT return.
Arun
From India, Hyderabad
PT has to be deducted and paid monthly.
but in case of PT return....
If your annual deduction of PT crosses 50,000 rupees you need to file monthly PT return.
if your annual deduction of PT is below rupees 50,000 then yearly PT return.
Arun
From India, Hyderabad
Depends on state rules. For Tamil Nadu, except Chennai Corporation, for other regions, it is half yearly. This state wise information may help you. https://knowledge.greythr.com/displa...ax+Slabs+India
From India, Bangalore
From India, Bangalore
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls
PT - PAN India Details - compiled by Pragnaa - 2017.pdf