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HR Zone » Compensation and Benefits » PT Deduction on Incentive

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PT Deduction on Incentive
Shiny
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Posted 06-01-2010Reply

Dear Hrians,



Would like to know whether there is any deduction on incentive also.

Lets say Mr x salary for the month of January is 8000 p.m & his incentive for the same month is Rs 3000. that makes it a grand take home of 11,000 P.M.



My question is will their be a PT deduction on his salary.?





Kindly Suggest.



Regards

Shiny

Subramanian
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  Rated 0 | Posted 06-01-2010

Professional tax will be deducted from his gross salary of every month not from his incentive side.


Regards,
Subramanian G

Sreedhar
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  Rated 0 | Posted 06-01-2010

Dear,

Incentives ( Bonus) O.T , all will attract the P.T , Same month deduct as per the P.T slabs, no tensions at the time of assessment.

Subramanian
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  Rated 0 | Posted 06-01-2010

Dear Sreedhar,


I think Bonus come under statutory obligation,but incentive not covered it depends upon employee performance .Quantum is not fixed.

Sorry, if i am wrong can u correct me.


Regards,
Subramanian G

Ratan
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  Rated 0 | Posted 07-01-2010

Dear Sreedhar,

For PT deduction only , the professional Tax is deducted and not any other allowances.

Ratan

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