Karnataka Tax on Profession, Trades, Calling & Employments (Amendment) Act, 2023 has received the assent of the Governor on 13th Mar 2023. The exemption limit is increased from Rs.15,000 to Rs.25,000. (Note: Currently, the employees who are drawing Gross wages from Rs.15,000 are paying Rs.200 per month as Profession Tax). This slab is amended effective 01st Apr 2023 onwards, where the employees drawing wages upto Rs. 24,999/- are exempt from Professional Tax in the State of Karnataka. The percentage provisions on the delayed interest payments, escaped tax, etc., are amended.
Effective from 1st Apr 2023:
Monthly Salary (Gross) | Amount to be Paid as Professional Tax Per Month |
Below 25000 | Nil |
Rs. 25000 & above | Rs. 200/- |
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