Question 1

What is the Professional Tax rate in Telangana?

Accepted Answer

Telangana Professional Tax is levied on salaried employees. The maximum PT is ₹2,400 per year (₹200/month). It is deductible under Section 16(iii) of the Income Tax Act. Your Form 16 should reflect this deduction.

Question 2

I work in a pharma company in Hyderabad with a car allowance. Is it taxable?

Accepted Answer

Car allowance is a perquisite. If the company provides a car for both official and personal use, a standard perquisite value is added to your salary (₹1,800/month for cars up to 1600cc, ₹2,400/month for larger cars). If the car is used only for official purposes with a logbook, it is exempt.

Question 3

I have ESOPs from a Hyderabad-based listed IT company. How are they taxed?

Accepted Answer

For listed companies, ESOPs are taxed as perquisites at exercise (FMV minus exercise price, added to salary) and as STCG/LTCG at sale. LTCG above ₹1.25L on listed shares is taxed at 12.5%. I compute both components accurately.

Question 4

Can I file ITR for Hyderabad income while living in another city?

Accepted Answer

Yes. ITR is filed based on your PAN, not your current location. If you moved from Hyderabad or have income from Hyderabad-based employers, I handle the filing remotely via WhatsApp.

ITR Filing in Hyderabad — Starting ₹399

Frequently Asked Questions

Ready to file your ITR in Hyderabad?

ITR Filing in Hyderabad — Starting ₹399

Frequently Asked Questions

Ready to file your ITR in Hyderabad?