The Karnataka Tax On Profession, Trades, Callings and Employments (Amendments) Act 2023
Contents News/Article Date: 14th March 2023
Relating to which Act: The Karnataka Tax on Profession, Trades, callings & Employments (Amendment) Bill 2023
Applicable to which State: All the establishments in the States with Profession Tax applicability and coverage
Type: Parliamentary Affairs and Legislation Secretariat Notification No. DPAL 06 SHASANA 2023 issued by Secretary to Government, Department of Parliamentary Affairs & Legislation.
Pertains to: All Establishments to whom the act is applicable in the State of Karnataka
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Now Karma Global is also fully in labour compliance for nearly 18 years and is helping both establishments and workers fulfillment of obligations as per the laws of the land. It has over 200 staff, both direct and indirect on its rolls and operates on Pan India basis. Recently, it has diversified into foreign shores as well, into countries like US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment, and governance.
And in this instance: “SCHEDULE [See section 3(2)]
Rates of tax on professions, trades, callings, and employment
Sl. No. Class of Persons Rate of tax (1) (2) (3)
1 Salary or wage earners whose salary or wage or both, as the case may be, for a month is Rs. 25,000-00 and above – Rs. 200-00 per month
2 Persons registered or liable to be registered under the Karnataka Goods and Services Tax Act, 2017 Rs. 2,500-00 per annum
3 Self-employed persons engaged in Professions, Trades, Callings, and Employments, with standing in the profession for more than 2 years, Rs. 2,500-00 per annum
4 Others like Horse owners and trainers, Jockeys, Directors, Actors, and Actresses Rs. 2,500-00 per annum
5 Educational Institutions and Tutorial Colleges or Institutes other than those run by the Central Government, State Government and local bodies. Rs. 2,500-00 per annum
6 Employers of establishments defined under the Karnataka Shops and Commercial Establishments Act, 1961, employing more than five employees. Rs. 2,500-00 per annum
7 Licensed dealers of liquors, Money lenders licensed under the Karnataka Money Lenders’ Act,
1961, Individuals or institutions conducting chit funds Rs. 2,500-00 per annum
Subject: The Karnataka Tax On Profession, Trades, Callings and Employments (Amendment) Act, 2023
Attached is the notification
profession tax karnataka-tax-on-profession-trades-callings-and-employments-amendment-act-2023