Exams › IBPS PO › General Awareness
Professional tax is ______.
- Fully deductible as a Chapter VI A deductions
- Fully deductible from Gross salary
- Fully deductible from gross total Income
- Not Allowable deduction as per income tax
Correct answer: Fully deductible from Gross salary
Solution
Professional tax paid by an employee is deductible from gross salary while computing income under the head "Salaries." It is not a Chapter VI-A deduction and not deducted from gross total income.
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