Professional tax
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2012
is there any Professional Tax on organisations(like Company's,firms etc)in Karnataka then How much?
07 December 2012
Hi
Professional Tax online slabs in Karnataka-Bangalore:2012-2013
KARNATAKA PROFESSION TAX
1. Profession tax is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976:
Profession Tax shall be paid by every person exercising any Profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the Schedule to the Act.
[However no tax is payable by persons who have attained age of sixty five years. Also no tax is payable for holding any Profession for less than120 days in that year.]
2. A person is defined under the Act to mean, any person who is engaged in any Profession, trade, callings or employment in the State of Karnataka and includes :-
· Hindu undivided family (HUF)
· Firm
· Company
· Corporations
· Other Corporate bodies
· Any Society
· Any Club or Association
[Every branch of a firm, company, corporation or other corporate body, any society, club or association is treated as separate person for the purpose of tax liability.] Source of Information: http://pt.kar.nic.in
Professional tax in Karnataka on Salary or wage earners whose salary or wage or both, as the case may be, for a month is,
(a) not less than Rs.3000 but less than Rs.5000 Rs. 30 Per month
(b) not less than Rs. 5,000 but less than Rs.8,000 Rs. 60 Per month
(c) not less than Rs.8,000 but less than Rs.10,000 Rs.100 Per month
(d) not less than Rs.10,000 but less than Rs.15,000 Rs.150 Per month
(e) Rs. 15,000 and above Rs.200 Per month
The rates depend upon profession, years in the profession and the amount of income or turnover;the list is long. Check this http://ctax.kar.nic.in/RATES%20ON%20...SION%20TAX.xls
Refer this link for complete details on Professional Tax in Karnataka State: http://pt.kar.nic.in/(S(j3kuy345m33v1facbvxb3v55))/Downlods/PT_Simplified.pdf
Professional Tax online slabs in Karnataka-Bangalore:2012-2013
KARNATAKA PROFESSION TAX
1. Profession tax is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976:
Profession Tax shall be paid by every person exercising any Profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the Schedule to the Act.
[However no tax is payable by persons who have attained age of sixty five years. Also no tax is payable for holding any Profession for less than120 days in that year.]
2. A person is defined under the Act to mean, any person who is engaged in any Profession, trade, callings or employment in the State of Karnataka and includes :-
· Hindu undivided family (HUF)
· Firm
· Company
· Corporations
· Other Corporate bodies
· Any Society
· Any Club or Association
[Every branch of a firm, company, corporation or other corporate body, any society, club or association is treated as separate person for the purpose of tax liability.] Source of Information: http://pt.kar.nic.in
Professional tax in Karnataka on Salary or wage earners whose salary or wage or both, as the case may be, for a month is,
(a) not less than Rs.3000 but less than Rs.5000 Rs. 30 Per month
(b) not less than Rs. 5,000 but less than Rs.8,000 Rs. 60 Per month
(c) not less than Rs.8,000 but less than Rs.10,000 Rs.100 Per month
(d) not less than Rs.10,000 but less than Rs.15,000 Rs.150 Per month
(e) Rs. 15,000 and above Rs.200 Per month
The rates depend upon profession, years in the profession and the amount of income or turnover;the list is long. Check this http://ctax.kar.nic.in/RATES%20ON%20...SION%20TAX.xls
Refer this link for complete details on Professional Tax in Karnataka State: http://pt.kar.nic.in/(S(j3kuy345m33v1facbvxb3v55))/Downlods/PT_Simplified.pdf
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2012
thank you sir
But your given link http://pt.kar.nic.in/ contains PT for salary and wages earners as up 9999 = nill
10000 to 14999 = 150/p.m
and above 15000 = 200/p.m
But your given link http://pt.kar.nic.in/ contains PT for salary and wages earners as up 9999 = nill
10000 to 14999 = 150/p.m
and above 15000 = 200/p.m
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