Presentation on Professional tax Office

Profile of the Institution

Governed by: State Government

Divisions: District wise

Headed by:Professional Tax Officer

Types:Salaried class

Employers

Act governing the working

Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976

- extends to whole of Karnataka

- Shall be deemed to have come to force on the 1st day of April, 1976

Applicable to

Sole trading firms with annual turnover over Rs 2 Lakh

Partnership firms

All professionals

All companies

People employed for more than 120 days

People under the age of 65 years

Process of payment

Through Challans in nationalised banks

Challans are available in the banks or government approved shops

The Professional tax office HeadCode:0028

Survey made by: Commercial Tax Officer

Transfers

Clerks: 5 years of office Officers: 3 years based on Rule32

Charges

Around 1.25% of interest is charged for delay of payment

The penalty charged can either be 50% or 100% of the tax

Table of Taxes

Sl. No. Six months income (Rs.) Old Tax (Rs) New Tax (Rs)

1 21,001 – 30,000 60 75

2 30,001 – 45,000 150 188

3 45,001 – 60,000 300 390

4 60,001 – 75,000 450 585

5 75,001 and above 600 810

Thank you

Group 11