Karnataka Tax on Profession, Trades, Callings and Employments {Amendment} Act, 2023

 Dear Patrons,

 

Greetings from Connect One Dynamic Synergies Private Limited.

 

We wish to inform 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 .... Wage month

 

·       Are you working in the State of Karnataka?

·       Is your monthly gross wages being less than or equal to Rs.24,999/- 

·       You will save Rs.200/ month (Rs. 2400 per annum)..... 

·       NO Profession TAX is required for those persons 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.......

·       Current threshold limit is up to Rs.14,999/- - no PT... Amendment Gazette notified on 14th March 2023.... Other changes I reliefs in the amendment