What is annual PT in Karnataka?
The levied professional tax is as per Article 276, Clause 2 of the Indian Constitution, and it is applicable when the annual income of an individual is above the minimum income….Karnataka Professional Tax Slab Rates.
|Monthly Salary (Gross)||Amount to be Paid as Professional Tax Per Month|
|Rs 15,001 and or above||Rs. 200|
What is monthly PT?
Professional Tax – Tax Slab for Karnataka, MP, TN. If you ever pay close attention to your payslips, you will notice that there is a deduction every month under the category of ‘Professional Tax’. This deduction takes place along with HRA, basic salary, and conveyance charges (if applicable). Table of Contents.
How can I check my PT payment in Karnataka?
- CTD reference Number from Karnataka Professional Tax Challan retrieved after payment.
- Registration Certificate Number of Professional Tax (generally 9 digit numeric)
- Date of Payment of Professional Tax to be retrieved from Challan.
- Amount of Professional Tax paid.
- Finally, Click on LIST tab.
What is PT penalty?
Karnataka Professional Tax Late Payment Penalty: 1.25% is charged per month for late payment of professional tax in Karnataka. The maximum penalty charged for late payment is 50% of the total outstanding amount.
How do I pay my PT annual fee?
A step-by-step guide to paying your professional tax
- Start by locating the official state website to pay professional tax.
- Visit the Karnataka Commercial Taxes Department website or click here.
- On the commercial taxes website, click on ‘KPT (Karnataka Professional Tax)’ in the left menu bar.
What is PT salary?
Professional tax is a tax that is levied by the state government and applies to income you earn through employment. You can often find the deduction for the same on your salary slip each month. Professional tax in India varies from state to state. The maximum amount of professional tax cannot exceed Rs. 2,500 annually.
How is PT salary calculated?
A professional tax is calculated on the basis of your salary and predetermined slabs. You can have to pay anything between ₹ 200 to ₹ 2500 a month….Professional tax slabs.
|State||Gross monthly salary (Rs.)||Tax per month (Rs.)|
|Madhya Pradesh||15,000 and above||212|
|Bihar||83,000 and above||208|
|Karnataka||15,000 and above||200|
What is PT in CTC?
Professional tax can be defined as a tax that is levied by a state government on all individuals who earn a living through any medium. This is a type of tax that needs to be paid by each and every individual earning income. The calculation of this tax and the amount collected differs from one state to another.
How much is the professional tax in Karnataka?
A maximum amount of Rs. 2400 is payable as professional tax in Karnataka. Professional Tax in Karnataka is managed by Karnataka Tax on Profession, Trade, Callings and Employment Act, 1976….Professional Tax Slabs in Karnataka.
|Monthly Salary||Amount Payable|
|Up to Rs.14,999||Nil|
|More than 15,000||Rs.200 per month|