Dear Patrons,
Greetings from Connect One Dynamic Synergies Private Limited. We wish to inform you that the Karnataka Government has promulgated the following changes in the remittance of Professional Tax under the Karnataka Tax on Professions, Trades, Callings, and Employments Act, 1976.
Karnataka Tax on Profession, Trades, Callings, and Employments (Amendment) Act, 2023
Effective 1st April 2023, the following changes will apply:
- Are you working in the State of Karnataka?
- Is your monthly gross wage less than or equal to Rs. 24,999/-?
- You will save Rs. 200 per month (Rs. 2400 per annum).
- NO Professional TAX is required for those whose monthly gross wages are less than or equal to Rs. 24,999/-.
- Do not deduct from April 2023 wages.
- Big relief to many middle-class workmen.
- The current threshold limit is up to Rs. 14,999/- - no PT.
The Amendment Gazette was notified on 14th March 2023. Other changes and reliefs are included in the amendment.
Thanks and Regards,
Connect One Compliance Team
Location: Bengaluru, India
Tags: professional tax, profession tax, gross wages, Karnataka government, Country-India, City-India-Bengaluru
Greetings from Connect One Dynamic Synergies Private Limited. We wish to inform you that the Karnataka Government has promulgated the following changes in the remittance of Professional Tax under the Karnataka Tax on Professions, Trades, Callings, and Employments Act, 1976.
Karnataka Tax on Profession, Trades, Callings, and Employments (Amendment) Act, 2023
Effective 1st April 2023, the following changes will apply:
- Are you working in the State of Karnataka?
- Is your monthly gross wage less than or equal to Rs. 24,999/-?
- You will save Rs. 200 per month (Rs. 2400 per annum).
- NO Professional TAX is required for those whose monthly gross wages are less than or equal to Rs. 24,999/-.
- Do not deduct from April 2023 wages.
- Big relief to many middle-class workmen.
- The current threshold limit is up to Rs. 14,999/- - no PT.
The Amendment Gazette was notified on 14th March 2023. Other changes and reliefs are included in the amendment.
Thanks and Regards,
Connect One Compliance Team
Location: Bengaluru, India
Tags: professional tax, profession tax, gross wages, Karnataka government, Country-India, City-India-Bengaluru
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