Professional Tax :
Karnataka
Employers have to deduct the professional tax from the salary of their employees on a regular basis every month depending on the income slabs as per the Karnataka Professional Tax Act. This tax is fully exempted for employees receiving up to Rs. 24,999 per month. Every individual drawing a monthly salary of Rs. 25,000 or more is liable to a flat deduction of Rs. 200.00 per month, except for the month of February where the deduction is increased to Rs. 300.00. The payroll liabilities are to be calculated and withheld by employers and then filed on a total payment basis through the state’s electronic portal. The last date on which these submissions can be made without risking state-enforced penalties is the 20th day of the following month.
Act Information
Act:The Karnataka Tax on Profession, Trades, Callings, and Employments Act of 1976
Rules:The Karnataka Tax on Profession, Trades, Callings, and Employments Rules of 1976
Applicability:It is applicable on Salaried or wage workers who make at least ₹25,000 a month, Employers are requiring PT-RC because they are deducting PT from workers and Self-employed professionals, companies, traders, agents, consultants, etc., who pay a flat fee of ₹2,500 per location annually
Professional Tax Slabs
S.No.:1
Category:Salaried Employees
Frequency:-
Professional Tax Paid:-
S.No.:a
Category:Rs. 0 to 24999
Frequency:Monthly
Professional Tax Paid:0
S.No.:b
Category:Rs. 25000 and more
Frequency:Monthly
Professional Tax Paid:200(Every month except February) and 300 (February)
Employment Categories
Category:Salaried Employees
Applicability Date:Within 20 days
Return Date:By 30th May yearly
Penalty:Failure to pay lead to 10% Penalty, late filing led to Rs. 250 per month, for non-registration fine Rs. 5 per day, delay payment 1.5% penalty per month and 100% on willful evasion.