Professional tax as per section 16(iii) of income tax

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rofessional tax as per section 16(iii) of income tax<br> Query (Issue) Started By: - Ashwin Karthick Dated:- 4-12-2025 Last Reply Date:- 5-12-2025 Income Tax<br>Got 3 Replies<br>Income Tax<br>Any limi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ts for professional tax under optional tax if so what is it and whether it can be carry forward to next year if any unutilised&nbsp; Reply By Sadanand Bulbule: The Reply: In terms of Article 276(2) ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the Constitution, the upper limit of profession tax on any one person is 2500/- per annum. Reply By Ashwin Karthick: The Reply: 2500 is like maximum we can claim or like it can carry forward if l....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ess professional tax paid in current year and balance in next year&nbsp; Eg paid 1500 and so balance 1000 is to be carry forward or per annum 2500 and no carry forward and all which is correct&nbsp; ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Reply By Sadanand Bulbule: The Reply: If you pay less than ?2,500, you can claim only the amount actually paid.<br> Discussion Forum - Knowledge Sharing ....