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Karnataka Professional Tax - Penalties & Interest Details..?

Tax queries 1131 views 1 replies

Hi Everyone....

I wanted to know what are the penalties and interest charges for Professional Tax which we not paid but deducted from employees. How to calculate on the same. We are a new Private Limited Company and we missed to pay but we would like clear all outstanding and pay going forward on monthly basis..?? Just to let you know we have just registered  under KARNATAKA PT and got our user id and password.

Any advice and guidance highly appreciated... 

Replies (1)
Interest at rate of 1.25% per month and Penalty not exceeding 50% of the tax amount due would be applicable. You may pay PT along with interest at the time of filing of return. In case you get a demand notice for penalty, pay the same.


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