PT registration in Karnataka
Professional tax is a type of direct tax levied and collected by the State government on any person engaged in any kind of profession. In India, rates and method of collecting professional tax varies from state to state. Also, some states in India do not impose this tax. Professional Tax in Karnataka is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976.
Who must Pay Professional Tax?
According to the provisions of this act, every single person who is carrying on any profession, calling, and trade whether public or private, or is employed in any other way in a particular State, is liable to pay tax on profession to the State Government at the specific rates. and includes a HUF, firm, company, LLP, corporation or other corporate body, society, club or association etc. Every employee with Salary/Wage of Rs.15000 or more and every employer shall pay this tax. If the salary of employees is less than INR 15000, no amount is to be deducted as Profession tax and if salary of any employee is more than INR 15000, INR 200 per month is to be deducted from the salary of respected person. Professional tax is mandatory to be paid.
Looking for Professional Tax registration for your employees and as an employer fee free to contact us.