Question

is profession tax comes under salary for RFA​

Answer 1

Answer:

Professional tax is calculated every month based on your gross salary for that month. Say your CTC is Rs. 50,000 per month, and after deduction of your EPF, gratuity, and leave deduction or payment towards any loan you may have taken from the company in the past, your gross salary comes to Rs. 40,000.

Explanation:

PT will not be applicable since there is no employer and employee relationship. But TDS will be applicable @ 10% once it cross Rs. 30000/- P.a. TDS will be deducted at a lower rate or Nil rate if the professional submit the Certificate (sec 197) obtained from the Income tax department