rate of interest/penalty for non payment professional tax in karnatka


11 January 2017 dear experts, rate of interest/penalty for non payment professional tax in karnatka.

11 January 2017 1. liable to pay simple interest at one and a quarter per cent of the amount of the tax due for each month or part thereof for the period for which the tax remains unpaid.
2. Liable to pay a penalty not exceeding fifty per cent of the amount of tax due.

This penalty shall be in addition to the interest payable .

12 January 2017 thank you..


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