Chennai Professional Tax Issue

[Former Member]

Hi Folks,

I have got an issue on Chennai Professional Tax calculation, we have a slab Effective from April 2010, as we all know chennai firtst Half Yearly deduction has heppened in the month of August. Second Half Yearly deduction will happen in January month.

For the first deduction in August, system would take the Projected Gross from April to September and deduct it in August.

For the Second deduction, it should be projecting the gross from October month to Next Year March and dedcut in Jauary.

Now all the Employees have been assigned to different Slab(New Panchayat). Now what i have done in table V_t7inp3(Method and form Layout for States) included new slab effective from 01082010, so as per the new Slab the amount should be deducted n the month of January.

Now the concern is, deduction should happen in the month of august and january as usual.

Projection only it varies, as per the new slab, the system should Project the income on the Basis of February to July and August to January month. this one need to be considered while deductiong the professional tax as per the new Slab.

So Please through your Valuable inputs on this Query.

thanks and regards.

[jayantvenkata · Accepted solution]

Hello

Regarding your query, the Deduction frequency for Tamil Nadu is Half yearly but the deduction months are Aug, Sep, Jan, Feb & March. The deduction will be happening only twice a year.

For the regular employee Ptax will be deducted in the month of Aug & Jan, for the new hires in the month of feb/Mar/Sep thiswill be deducted accordingly.

Kind Regards

Ramana

[Former Member · Accepted solution]

Hi,

Thanks for your reply, as you say it is a Standard Procedure.

I am just looking at, a procedure where the system should form the Ptax Basis on the Actual income Earned from February to July and deduct the PT in August. Second cycle should consider the August to Jan and should deduct in Jan.

In Standard System, it is forming the Basis on projection Basis. But the Scenario that i explained it is on the Actual Earning that he made during the Period.

Please suggest us the way of doing it.

Thanks and Regards,