Employer Annual PT:
Registration of Professional tax in Karnataka is mandatory for the business within 30 days of employing staff and for professionals within 30 days of starting their practice. In case there is more than one place of work then an application has to be made separately to each authority considering the place of business coming under the jurisdiction.
Employee PT:
The profession tax is payable by any person earning a salary or wage more than threshold limit per month and it shall be deducted by his employer from the salary or wage payable to such person and such employer shall, irrespective of whether such deduction has been made or not is liable to pay tax on behalf of all such persons.
The following documents are necessary for registering for Professional Tax in Karnataka:
- Recent passport size photograph of the proprietor, partner (in the case of a partnership firm), or directors (in the case of a company, if applicable).
- Proof of address for the proprietor, partner (in the case of a partnership firm), or directors (in the case of a company, if applicable).
- Address proof of the establishment.
- PAN (Permanent Account Number).
- Memorandum of Association (MOA) and Articles of Association (AOA) for companies.
- Partnership Deed for partnership firms and Limited Liability Partnerships (LLPs).
The process of obtaining Professional Tax registration in Karnataka involves the following steps:
- Gathering all the required documents.
- Compiling and organizing the necessary documents.
- Preparing the application for Professional Tax registration.
- Filing the application with the concerned department or authority.
The key deliverables upon successful Professional Tax registration in Karnataka include:
- Registration Certificate (RC) along with the associated login credentials.
- Enrollment Certificate (EC) and payment challan for making Professional Tax payments.