INTERVIEW QUESTIONS TAX PROFESSIONAL TAX DETAILS

Question: What is Profession Tax in Karnataka?

Answer: Profession tax in Karnataka is governed by the Karnataka State Tax on Professions, Trades, Callings and Employment Act, 1976.

The Profession Tax slab rate on salary and wages are as follows:-
Monthly Salary Wage PT Payable
Salary and Wage earners - such persons whose monthly salaries or wages :-
a. Less than Rs. 10,000 Nil
b. Rs. 10,000 to 14,999 Rs. 150 p.m.
c. Rs. 15,000 and above Rs. 200 p.m.

Consequences for late payment or non payment:

For late payment of PT, interest @ 1.25% p.m. is levied and the state may also impose a penalty of 50% of the total amount due.

Profession tax in Karnataka is governed by the Karnataka State Tax on Professions, Trades, Callings and Employment Act, 1976.

The Profession Tax slab rate on salary and wages are as follows:-
Monthly Salary Wage PT Payable
Salary and Wage earners - such persons whose monthly salaries or wages :-
a. Less than Rs. 10,000 Nil
b. Rs. 10,000 to 14,999 Rs. 150 p.m.
c. Rs. 15,000 and above Rs. 200 p.m.

Consequences for late payment or non payment:

For late payment of PT, interest @ 1.25% p.m. is levied and the state may also impose a penalty of 50% of the total amount due. Source: CoolInterview.com

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