on 02-08-2016 9:34 AM
Hi,
Employee belongs to Madhya Pradesh. Employee gross salary is 14, 435 per month. As per MP Professional Tax slab, Employee P Tax Should be 125 per month. System did not calculate Ptax from April 2015 to Oct 2015. However system Calculated
Ptax 500 in November month ,
500 in December month and also
500 in Jan month. ?
Please help me to understand why system is calculating wrongly for Only one employee....
issue resolved.
As per MP Professional Tax slab , if employee salary more than 180,000 then PTax is 2500 per year.But upto November below employee salary is 1, 73,220 ( Which Ptax is Nill) per year. He has got 13, 675 as a bonus in November month. then total gross salary exceeded 1,80,000.
P tax Calculation From Nov Month:
= (Professional tax ) 2500 / Remaining periods in financial year
= 2500 / 5 ( Nov, Dec, Jan, Feb, March )
= 500
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