If a new serviceman joined 5th August in his service and his P.Tax. Slab is @ Rs.- 150/-. What amount will deduct from his salary for August for P.Tax ? either is it @ Rs. – 150/- or 150/30 x 25 = 125/- or none of this.
If the answer is none of this please inform me what is the procedure of P.Tax Calculation.
1) Please calculate the gross amount for 27 days of August ( joining date 05/08/2013)
2) That amount falls in which slab, find it.
3) This amount will be the p. tax for August.
** Example:-
For the full month of August, the gross salary is 26000/- and p.tax will be 150/- ( 25001/- to less than 40001/- =150/-)
for 27 days of the month , say, less than 25001/- ,then the p.tax will be 130/-
Thanks a lot.
