I have income of 1,07,000 Rs/Annum should i subtract Professional tax of Rs. 1500 which I have given to state govt. of MP
Hey , go ahead. Deduct the Professional tax paid on salary because the Section 16(1) of the I T Act says " a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law."
sure!! you can directly subtract the proff. tax paid to local body from ur income for arriving your net income
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