In certain states, Professional Tax is deducted from employees’ salaries. Based on state laws and employer preferences it is generally deducted monthly, quarterly, or half-yearly.
PT is deducted twice a year for half-yearly deductions:
- First Half: From April to September
- Second Half: From October to March
The final remittance is calculated and made at the end of the half-year. This is based on the total income earned during that period
There is a possibility that the monthly PT deducted may not match the actual half-yearly PT remittance.
We need to reconcile the PT recovery for 6 months to ensure accurate remittance based on consolidated income and slabs
On the Home Page click “Settings”.
Click “Locations”.
Click the “Half Yearly State PT Override” option.
Select “State”.
Monthly Slab State – The location should be mapped to the PT State from the drop-down.
Reconciliation Month- From the drop-down select the month to reconcile the data.
Click “Save”.
If PT has been under-deducted or over-deducted, the same will be adjusted in the Reconciliation month selected based on the selection.