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

All employers and businesses with Enrollment Certificate must remit their taxes before the 30th of April every year as per the stipulated tax slab. Moreover, employers with the Enrollment Certificate are required to file annual returns within 60 days of the end of the fiscal year.

How can I register for PT in Karnataka?

Here is how an employer can get the registration certificate online.

1. Go to the e-Prerana website.
2. In the left-hand bar, click on the ‘New RC Request’ under the e-services section.
3. Kindly fill in the basic details.
4. PT office depends on the location (PIN number) of your office.

What is the penalty for late payment of PT in Karnataka?

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.

What is annual PT?

Professional tax is a tax that is levied by the state government and applies to income you earn through employment. The maximum amount of professional tax cannot exceed Rs. 2,500 annually.

What is the due date for payment of PT?

Last Date For Profession Tax (PT) Payment For The Year 2021-22 Extended To 30th May 2021 Under Karnataka Tax on Professions, Trades, Callings and Employments Act,1976 (Profession Tax) vide Removal of Difficulties Order No. FD 02 CPT 2021 dated: 26/04/2021.

How do I file a PT return?

A step-by-step guide on how to pay professional tax

1. Highlights.
2. Locate the professional tax website for your state.
3. Fill the professional tax payment form carefully.
4. Verify the information and pay professional tax online.
5. You can also pay this tax at the district sales tax office.

What is the rule of professional tax?

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.

How is PT calculated?

For example, if you are a working professional in Gujarat earning Rs. 20,000 a month, your monthly professional tax will amount to Rs. 200 and your annual professional tax will be Rs. 2400.

Is PT Date Extended?

The Government of Karnataka with The Karnataka Tax on Professions, Trades, Callings, and Employments (Removal of Difficulties) Order, 2021 made an extension to the Professional Tax Return Filing. This is on the grounds of difficulties faced by taxpayers due to Covid 19 and consequential lock-down.

Which is the last date of PT payment in Karnataka?

Last Date For Profession Tax (PT) Payment For The Year 2021-22 Extended To 30th May 2021 Under Karnataka Tax on Professions, Trades, Callings and Employments Act,1976 (Profession Tax) vide Removal of Difficulties Order No. FD 02 CPT 2021 dated: 26/04/2021. Bengaluru, dated: 26/04/2021.

Which is the due date for profession tax in Karnataka?

Every person who is liable to pay profession tax should file their return by 31st December for the entire year. This is extendable by one month. Professional Tax Due Date of payment in Karnataka. Every person who is liable to pay profession tax should file their returns by the 15th of the next month for which you should file the return.

When is last date to pay ktptc and e tax?

Removal of Difficulties Order extending last date for payment of tax under KTPTC& E Act, 1976 ( Profession Tax) till 30th June 2021. Separate PT registration process on PT website of Commercial Taxes Department not required for companies registering under Spice+ application process from 8th October 2020.

Which is the due date for professional tax payment in Maharashtra?

Professional Tax Payment Due Date of payment in Maharashtra 1. In the case of tax liability of less than Rs. 50,000 in the previous year, the due date for payment of professional tax (PT) is March 31. 2.