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Ptax

former_member214675
Active Participant
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Dear All,

What is the diiference between due basis and nominal basis in ptax.

Regards,

Prince Elvis

Edited by: PRINCE ELVIS VINOLTON on Oct 13, 2008 6:17 PM

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Nominal basis u2013 The system considers the salary of an employee, while calculating professional tax. It does not take into account the actual number of days that the employee attended work within the given payroll period.

Due basis u2013 The system considers the actual amount that an employee receives as the basis amount for professional tax calculations. Most states specify Due basis for professional tax calculations.

Answers (2)

Answers (2)

Former Member
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Prince

difference deduction carry forward is like arrear

Fg: that deduction is there not done fully due to less money and priority of deduction

and gross carry forward i think it is total forword

Best Regards

former_member214675
Active Participant
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Hi,

In ptax calculation wat is the difference deduction carry forward and gross carry forward.What is the difference between these two while calculating the ptax.

Regards,

Prince Elvis