Tuesday, January 2, 2024

​You won't get a refund for professional tax paid at this income level

Professional tax is a tax levied by the state government and the income tax act allows an deduction of professional tax actually paid from gross total income of the individual. Unlike TDS professional tax is not refunded if the individual's net income tax liability is less than the tax amount or nil.

from Tax-Wealth-Economic Times https://ift.tt/C8WihZa

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