24 July 2019
One of my client have received notice from Karnataka Professional Tax department claiming Professional Tax payable as Rs. 5,000.00 pa from Financial Year 2011-12 to 2014-15.
My client is has a partnership firm consisting of 3 partners out of which one is senior citizen and having a total annual turnover of Rs. 35,00,000.00 and also have employed 2 people.
So now my query is what is the calculation behind Rs. 5,000.00 ?
31 May 2020
Professional Tax is state specific tax and it varies from state to states in India. You can refer the Karnataka Professional Tax Rates applicable from its official website.
CAclubindia
