As per Karnataka profession tax, every employer or other taxable person has to make the payment of professional tax on or before 20th of every subsequent month. And 30th May of every year is the last date for filing of annual statements and it is to be filed with Form-5A.

Also question is, what is the last date for payment of professional tax in Karnataka?

As per the latest professional tax Slab in Karnataka 2019-2020, up to a monthly gross salary of 15000 Rs, there is no need to pay professional tax and for a monthly salary of 15001 Rs or above 15001 Rs the professional tax is 200 Rs & the due date for payment of professional tax in Karnataka is 20th of every subsequent

Also Know, how can I pay my PT annual in Karnataka? 5 Once again open the website http://pt.kar.nic.in and click on Registered user's Login and enter the username and password and click on Payment. Select the record for the month for which details have been entered and payment has to be made. Then the following screen will be displayed.

Besides, what is the due date for payment of professional tax in Telangana?

The return can be made by a treasury challan/ DD/ Cheque/ e-payment on the full amount of tax due on or before the 10th day of every month for which the return should be filed and can be done online as well.

What is the penalty for late payment of professional tax in Karnataka?

Karnataka Professional Tax Late Payment Penalty:

In case there is a delay in payment of professional tax, the state government of Karnataka will charge 1.25% per month for late payment. However, the maximum penalty the state will charge is 50% for late payment of the total unpaid professional tax amount.

Related Question Answers

Is it compulsory to pay professional tax?

It is a source of revenue for the government. It is deducted by the employer from their employee every month and remitted to state exchequer and in some states sent to the Municipal Corporation. It is mandatory to pay professional tax. The tax payer is eligible for income tax deduction for this payment.

How is PT salary calculated?

How Professional Tax is 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.

Who is liable for professional tax?

In case of Salaried and Wage earners, the Professional Tax is liable to be deducted by the Employer from the Salary/Wages and the Employer is liable to deposit the same with the state government. In case of other class of Individuals, this tax is liable to be paid by the person himself.

How do I file a PT annual return?

To make Professional Tax return the procedure as follows:
  1. visit website: ctax.kar.nic.in.
  2. Select e-Prerana (e-Prof.Tax) option in the left Column.
  3. Select Registered User Login option in the left Column: e-Services.
  4. Enter Login Name & Password.
  5. Click on Entry and Select Period - Year Click Go.

How interest is calculated for late payment of PT?

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.

Can we claim professional tax in ITR?

Professional tax or tax on employment is a tax levied by a state, just like income tax which is levied by the central government. The maximum amount of professional tax that can be levied by a state is Rs 2,500. In your income tax return, professional tax is allowed as a deduction from your salary income.

What is the due date for payment of professional tax in Tamilnadu?

The due date for payment of Professional Tax and Filing of Professional Tax Return in Tamilnadu is 1st April and 1st October for the respective half-year.

What TDS means?

tax deducted at source

Is professional tax calculated on gross salary?

Professional tax is calculated every month based on your gross salary for that month. The professional tax will be levied on this amount of Rs. 40,000. So, each month based on the increase or decrease of your gross salary, your professional tax slab will also differ and accordingly, your employer will deduct this tax.

How can I get GST number in Telangana?

Checklist requirements for GST registration in Telangana

They should register under the GST Act to support single tax return rules. Accurate Permanent Account Number(PAN). Valid Indian mobile phone number. Prescribed documents and data on all necessary fields of the registration application.

How much is the professional tax in India?

A maximum of Rs. 2,500 can be levied as professional tax on any person per financial year. According to Section 16 (iii) of the Income Tax Act 1961, the profession tax paid by an employee is allowed as a deduction from his/her gross salary income.

Why is professional tax deducted?

Profession Tax is a tax which is levied by the state on the income earned by way of profession, trade calling or employment. In the case of salary and wage earners, the profession tax is to be deducted by the employer from salary and wages, and the employer is liable to pay it to the state government.

How can I check my professional tax number?

Find out your Profession Tax Number
  1. Step 1: Visit the website
  2. Step 2: At the bottom of the Home Page click on Know your TIN.
  3. Step 3: Enter your PAN Number in the box provided.
  4. Step 4: Your Name along with the Profession Tax Number will display. Click on the Number to see more details.
  5. Step 5: Your detailed information will display.

What is commercial tax India?

Commercial Tax, currently referred to as Goods and Services Tax (GST) in India, is a tax that is levied on locally manufactured and imported goods and services, and contributes to the GDP of the country. It is a type of indirect tax because it is paid by the end user to the government via the manufacturer.

How do I find my CTD reference number?

Next, the screen will display the details of the transaction that have been entered. If the details are correct, click on Submit. You will see that a Commercial Tax Department Reference number (CTD Ref. No.) is generated which is a unique number.

Can we pay income tax by debit card?

You can pay tax via debit card of only six banks namely, Canara Bank, HDFC Bank, ICICI Bank, Indian Bank, Punjab National Bank, and State Bank of India.

Is partnership firm liable for professional tax?

Firm is liable to deduct and pay tax out of salary paid exceeding Rs. Partnership firm or any person paying salary exceeding Rs. 5000/- to employees is under obligation to hold REGISTRATION CERTIFICATE under Profession Tax Act and has to deduct amt.

Is professional tax and TDS same?

TDS amount is like advanced Tax. Professional tax is collected by state government. You may work in any organisation , but practicing your profession you are paying tax to the state government. The government rule is it deduct from your salary.