If you observe, the Government has increased every tax, be it Income Tax, GST, Property Tax, etc., over the years, but not the Profession Tax (PT) and it remains abysmally low. Any employee getting Rs.15,000 per month or Rs.15,00,000 per month, pays just Rs.200 per month as PT. What stops …
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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 engaged in any trade or holding any appointment in the State of Karnataka. I run a proprietorship, should I get registered under …
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Whether employees working in Karnataka State have to pay Profession Tax? Yes. As per Section 4 of The Karnataka Tax on Professions, Trades, Callings and Employment Act, 1976, the tax payable under this Act by any person earning a salary or wage, shall be deducted by his employer from the …
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Simplified Laws Guide to Taxation and Legal Concern