Professional tax karnataka slab 2023-24

The Karnataka Tax On Professions, Trades, Callings And Employments Rules,1976 Applicability A person or employer by whom tax is payable under this Act Exemption A person above 60 Years of age, tax is not required to be paid under this Act Registration Form Registration Process Online List Of Documents For Registration • Form 1 and Form II Application forms • Memorandum Of Association & Incorporation Certificate • Article Of Association • PAN Card • Lease Agreement • Bank Details with Cancel Cheque • Employer Address Proof and ID Proof • Email address and Phone Number • INR 2500/- for Enrollement Fees • Two Photo Graphs of the Employer • List of employees with Gross Salary Website Professional Rates Salary (INR) PT Amount Remarks Above 24999 ₹ 200.00 Filing Of Returns Task Last Date Of Filing Returns Form Annual Returns Every year(s) on day 30 of May

Karnataka Tax on Profession, Trades, Callings and Employments (Amendment) Act, 2023 revised profession tax slab for salary and wage earners. According to this amendment there will no profession tax on salary & wages up to Rs. 25,000/- per month. This notification will be effective from April 01, 2023 PF payment due dates for the FY 2020-21 for the purpose of tax audit reporting While preparing Tax Audit Report in Form 3CD it is important to fill due date of payment to various Employees contribution fund and actual payment of the contribution. i.e"Details of contributions received from employees for various funds as referred to in section 36(1)(va)" Most commonly reported funds under the clause are EPF and ESIC. If there is delay in the payment of the contributions of PF and ESI may result in disallowance of the payment of contribution. Here is the chart of the due dates under EPF and ESIC for the FY 2020-21 for quick reference PF payment due dates for the FY 2020-21 Period Due date Day Extended date Reference Apr-20 15/05/2020 Friday - - May-20 15/06/2020 Monday PF payment due dates for the FY 2021-22 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e"Details of contributions received from employees for various funds as referred to in section 36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution...

Professional tax is a kind of tax levied by the state government on salaried or self-employed individuals. As per Clause 2 of Article 276 of the Indian Constitution, it is applicable to all kinds of professions, employment, and traders in the particular state. Only 17 states impose a professional tax in India, and Karnataka is one of them. This article details professional tax in Karnataka, including its slab rates and related information. Professional Tax in Karnataka The Karnataka state government is responsible for collecting professional tax, depending on your gross income. Whether you are working in a private organisation or are associated with a government entity, it is mandatory for all individuals to pay professional tax in Karnataka. Additionally, self-employed individuals, doctors, chartered accountants, lawyers, etc., must pay this tax to the local authorities assigned to collect the professional tax. On the other hand, the respective employers levy professional tax in Karnataka for salaried employees. Karnataka Professional Tax Act The Karnataka Tax on Professions, Trades, Calling and Employment Act 1976 has laid out the provisions for professional tax payment within the state. As per the Karnataka professional tax rule, the government levies this tax on an individual depending on their income. So, if you are a working professional in Karnataka, knowing the tax slab rates is crucial. Professional Tax Slab In Karnataka Here’s a table for a complete understanding...

Karnataka Tax on Profession, Trades, Calling & Employments (Amendment) Act, 2023 has received the assent of the Governor on 13 th Mar 2023. The exemption limit is increased from Rs.15,000 to Rs.25,000. (Note: Currently, the employees who are drawing Gross wages from Rs.15,000 are paying Rs.200 per month as Profession Tax). This slab is amended effective 01 st Apr 2023 onwards, where the employees drawing wages upto Rs. 24,999/- are exempt from Professional Tax in the State of Karnataka. The percentage provisions on the delayed interest payments, escaped tax, etc., are amended. Effective from 1 st Apr 2023: Monthly Salary (Gross) Amount to be Paid as Professional Tax Per Month Below 25000 Nil Rs. 25000 & above Rs. 200/-

Profession Tax Notifications Sl. NO. Subject Notification No. Date of Issue English 10 Extension of date of payment of Professional Tax under KTPTCE Act, 1976 (till 31st may 2023). ROD-Order(01/2023) 06/05/2023 09 Notification Under KTPTC Act-1976. No.DPAL 06 SHASANA 2023 14/03/2023 08 Removal of Difficulties Order extending last date for payment of tax under KTPTC& E Act, 1976 ( Profession Tax) till 30th June 2021. ROD-Order(02/2021) 31/05/2021 07 Extension of date for payment of Professional Tax. ROD-Order(01/2020) 16/04/2020 06 Notification for online issue of registration under Profession Tax Act. NO.PT.CR-01/2017-18 16/12/2019 05 Notification dated 23-10-2017 for online issue of registration certificate under Profession Tax immediately after submitting the complete and correct information. NO.PT.CR-01/2017-18 23/10/2017 04 Notification reg: Professional Tax. NO.FD 95 CSL 2010 15/11/2014 03 Notification on K.P.T Act 1976. NO.PT.CR.8/2013-14 05/09/2013 02 Notification - Mandatory e-payment under Profession Tax. No.CCW/CR-26/2013-14 29/07/2013 01 Notification Under KTPTC Act-1976. No.PT.CR-01/11-12 15/04/2011