What is the PT slab in Karnataka?
As per the Karnataka Professional Tax Slab Rates, all individuals with a monthly gross income less than Rs. 15,000 are exempted from any charges. However, employees with a monthly gross salary above Rs….Professional Tax Slabs in Karnataka.
| Monthly Salary | Amount Payable |
|---|---|
| More than 15,000 | Rs.200 per month |
What was VAT rate in 2015?
VAT rates
| Effective from | Standard rate (%) | Reduced rate (%) |
|---|---|---|
| 1 January 2015 | 23 | 13.5 |
| 1 January 2014 | 23 | 13.5 |
| 1 January 2013 | 23 | 13.5 |
| 1 January 2012 | 23 | 13.5 |
What was the VAT rate in 2018?
20%
VAT rates
| VAT rate | VAT fraction | |
|---|---|---|
| Standard rate | 20% | 1/6 |
| Lower or reduced rate | 5% | 1/21 |
| Zero rate | 0% | – |
What is annual PT in Karnataka?
However, a state cannot charge professional tax more than Rs. 2,500 in a year. In India, a state can charge the highest amount of professional tax as Rs. 2,500 in a year….Karnataka Professional Tax Slab Rates.
| Monthly Salary (Gross) | Amount to be Paid as Professional Tax Per Month |
|---|---|
| Rs 15,001 and or above | Rs. 200 |
Who is eligible for PT?
Individuals earning Rs. 10,000 or more per month are liable to pay the professional tax in Karnataka under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. If you are a salaried individual having a salary more than Rs. 10,000 but less than Rs.
What is the Karnataka VAT Act?
The Karnataka VAT Act was implemented in 2003 and contains all the provisions based on which VAT will be charged within the state. It aims at streamlining and simplifying the process associated with the levy of tax on the sale or purchase of goods in Karnataka. VAT rates are levied on the sale of taxable products and services.
What is the fee for additional KVA in Karnataka?
Above 500 kVA up to including 1000 kVA 1800/- 4. Above 1000 kVA for every additional 1000 kVA or part thereof in excess of 1000 kVA An additional fee of Rs. 120/- per 1000 kVA shall be levied in excess of “3” above Note: 1. The fee shall be levied separately for individual equipment.
Where is the Commissioner of Commercial Taxes in Karnataka?
No.EG.1/CR.7/2014-15 GOVERNMENT OF KARNATAKA Department of Commercial Taxes Office of the Commissioner of Commercial Taxes, Gandhinagar, Bangalore. Dated: 16/08/2014.
Is dealer registration mandatory in Karnataka?
Registration is mandatory for all dealers who have a turnover in excess of the threshold determined by the government of Karnataka. If the taxable turnover of a dealer exceeds Rs.10 lacs during the course of a financial year, or if the taxable turnover exceeds Rs.83,330 in any one month of the financial year, registration is compulsory.