Menu
Karnataka Tax on Professions, Trades, Calling and Employment Act 1976
Overview
Professional Tax (PT) in Karnataka is a tax levied by the state government on individuals and entities engaged in various Professions, Trades, Callings, or Employments Act ,1976.
Applicability
Compliances under Karnataka professional tax
A. Registration and Enrolment
B. Exhibition of certificate
In rule 8, the exhibition of certificate the holder of the certificate of registration or the certificate of enrolment, as the case, may be, shall display conspicuously at his places of work the certificate of registration or the certificate of enrolment or a copy thereof.
C. Employer’s liability to deduct and pay tax on behalf of employees
The tax payable under this Act by any person earning a salary or wage, shall be deducted by his employer from the salary or wage payable to such person before such salary or wage is paid to him, and such employer shall, irrespective of whether such deduction has been made or not when the salary or wage is paid to such persons, be liable to pay tax on behalf of all such person.
D. Returns
(1) Every employer registered under this Act, shall furnish to the assessing authority within sixty days of the expiry of the year, a return in the prescribed form showing therein the salaries and wages paid by him and the amount of tax deducted by him in respect thereof during the preceding year.
(2) Before any employer submits any return under sub-section (1), he shall, in the prescribed manner, pay in advance the full amount of tax payable by him on the basis of such return as reduced by any tax already paid under section 6A and shall furnish along with the return satisfactory proof of the payment of such tax, and a return without such proof of payment shall not be deemed to have been filed. After the final assessment is made, the amount of tax so paid shall be deemed to have been paid towards the tax finally assessed.
E. Payment of Professional Tax
Every employer registered under this Act, shall furnish to the assessing authority within twenty days of the expiry of a month, a statement in the form 5A, showing therein the salary and wages paid by him and the amount of tax deducted by him in respect thereof during the month immediately preceding that month.
F. Payment of tax by enrolled individuals
The employers registered under the Act must ensure that the tax is paid in the prescribed manner in the stipulated time. The amount must be paid by the tax-payer in the following format:
Payment of tax by enrolled individuals | |
|---|---|
G. Penalties Karnataka Professional Tax
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.