What is the professional tax amount in Karnataka?
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What is the professional tax amount in Karnataka?
Karnataka Professional Tax Slab Rates
| Monthly Salary (Gross) | Amount to be Paid as Professional Tax Per Month |
|---|---|
| Up to Rs 15,000 | Nil |
| Rs 15,001 and or above | Rs. 200 |
Is it compulsory to pay professional tax in Karnataka?
Eligibility. Individuals earning Rs. 10,000 or more per month are liable to pay the professional tax in Karnataka under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. If you are a salaried individual having a salary more than Rs.
What is the act of professional tax?
The Constitution empowers the levy of Profession Tax subject to a maximum of Rs. 2500/- p.a. and a minimum slab of as low as Rs. 110/- p.a. This is an equitous levy based on the principle of ability to pay….PT ACT 1987 (As amended)
| 1. | Short title, extent and Commencement |
|---|---|
| 19. | Recovery of tax where trade, calling etc. of employer is transferred |
What is the due date for payment of PT in Karnataka?
Last Date For Profession Tax (PT) Payment For The Year 2021-22 Extended To 30th May 2021 Under Karnataka Tax on Professions, Trades, Callings and Employments Act,1976 (Profession Tax) vide Removal of Difficulties Order No. FD 02 CPT 2021 dated: 26/04/2021.
How can I pay PT bill in Karnataka?
Steps to Pay Tax on Professional Tax in karnataka
- Step 1: Visit the Website of Commercial Tax Department of Karnataka for e-Payment of Tax.
- Step 2: Click on Karnataka Professional Tax.
- Step 3: Fill the information asked for.
- Tax Details.
- Step 4: Click on Next.
- Step 5: follow instructions on the screen and Make payment of tax.
How is PT salary calculated?
For example, if you are a working professional in Gujarat earning Rs. 20,000 a month, your monthly professional tax will amount to Rs. 200, and your annual professional tax will be Rs. 2,400.
In which states professional tax is applicable?
The states which impose professional tax are Karnataka, Bihar, West Bengal, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, Gujarat, Assam, Kerala, Meghalaya, Odisha, Tripura, Madhya Pradesh, Jharkhand and Sikkim, Mizoram. .
How can I file PT in Karnataka?
Procedure for filing Returns under Karnataka Professional Tax
- 3.1 Every registered employer is provided with username and password.
- 3.2 Open the website: http://ctax.kar.nic.in or http://pt.kar.nic.in/ .
- 3.3 Under the heading e-Services, seven options as mentioned below are available:
How can I file PT return in Karnataka?
To make Professional Tax return the procedure as follows:
- visit website: ctax.kar.nic.in.
- Select e-Prerana (e-Prof.Tax) option in the left Column.
- Select Registered User Login option in the left Column: e-Services.
- Enter Login Name & Password.
- Click on Entry and Select Period – Year Click Go.
Why Pt is deducted from salary?
Professional tax one source of revenue for the government and is used towards bettering the services for professionals in that state. Thus, it is essential for every employer to deduct professional tax on salary, although there are a few exemptions related to this. Professional tax in India varies from state to state.
Is PT mandatory for all companies?
Every business establishment (Employer) liable to pay Professional Tax on annual basis and every employee whose income is Rs. 15000 or more is liable to pay professional tax of Rs. 200 per month.
How many states have professional tax in India?
Currently, this tax is applicable in Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Sikkim, Tamil Nadu, Telangana, Tripura & West Bengal. The amount of professional tax differ from one state to another but it has an upper limit of Rs.
Who is exempted professional tax?
The following individuals are exempt from paying professional tax: Parents or guardians of children with a mental disability or permanent disability. An individual suffering from a permanent physical disability including blindness. Any individual of above 65 years.
How is PT calculated in salary slip?
Who exempted from PT?
The following individuals are exempt from paying professional tax:
- Parents or guardians of children with a mental disability or permanent disability.
- An individual suffering from a permanent physical disability including blindness.
- Any individual of above 65 years.
Which states are applicable for PT?
