banner_ad

Karnataka Professional Tax - Penalties & Interest Details..?

Tax queries 1155 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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details