Presentation On Professional Tax Office

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