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.