Home / Tag Archives: Karnataka VAT Law

Tag Archives: Karnataka VAT Law

7 Tax changes applicable from 1st April 2015

changes under Income tax, Service Tax, and Karnataka State Tax Laws with effect from 1st April 2015

  The following are the important changes under Central and State Tax Laws with effect from 1st April 2015   Conveyance Allowance – Transport allowance (popularly known as conveyance allowance) granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and ...

Read More »

Highlights of Karnataka State Budget 2015 -16

Karnataka budget 2015-16

  Here are some of the important points of Karnataka Budget presented by CM Siddaramaiah on 13th March 2015.    1. Profession Tax – The exemption limit is increased from Rs.10,000 to Rs.15,000. (Note: Currently, the employees who are drawing salary between Rs.10,000 and Rs.15,000 are paying Rs.150 per month as ...

Read More »