PTax KARNATAKA SLAB REVISION WEF 1.4.2015

[Former Member]

Dear Guru's,

Got this new revision in Karnataka PTax, attaching the pdf for the same. Kindly guide if any notes for the same has been released.

Regards,

Radha.R

[Former Member]

Dear Radha,

Karnataka Ptax revised Slabs , Please maintain Tables V_T7INP3 & V_T7INP4

Professional Tax in Karnataka

In Karnataka, you  pay less PT than Maharashtra. It is Rs 2,400 per year for salaried who earns more than Rs 15,000/month.  Those who earns less than Rs 10,000, there is no need to pay it. The professional tax slab rate of Karnataka is given below

Monthly Salary	Professional Tax Rate Per Month
Up to Rs 15,000	Nil
Above Rs 15,000	Rs 200

The above rate is for salaried person. For the self employed, professionals and businessman there are different tax slabs. If differs according to the profession. To know the exact tax slab rate visit the commercial tax department website of Karnataka government. The karnataka government does not charge professional tax from the senior citizens.

[Former Member]

guys got reply frm SAP. We need to follow following steps:-

Recently profession tax changes has come in Karnataka state with effect from 01.04.2015  for senior citizens.

1)Profession tax exemption to persons drawing salary/ wages less than 15000/- in a month.

2) Profession tax exemption to senior citizens who have attained age of 60 years

Solution:-

1.Please note that Ptax slab changes are done within the customizing tables V_T7INP4 and V_T7INP3 and need to be handled at customer end because C-tables' maintenance can be done by customers.

2.For the age-limit, delimit the IT0588 - Subtype 0003 (Ptax) when the employee reaches the age limit and the Ptax will cease to deduc

[Former Member]

New prof.tax Slabs wef 01.04.2015 in Karnataka :-

Persons who have age of 60 years & above  - Nil

Salary/Wages upto Rs.15000     --- Nil

Salary/Wages above Rs.15000   -- Rs.200 per month

[Former Member]

Hi Radha,

Do the table changes for the slab changes and for the second cases first check with you client that is there any employee working after 60 years. In India the maximum age is 60 years so first check then go for delimitation.

Hope this will help you.

Thanks & Regards

Saroj Hial

[Former Member]

Hi,

what is the new slab rates.

regards,

Aruna

[Former Member]

upto 15000 its nil.

[Former Member]

can you pls. share me the document.  once again see the document if its below 15000 its nil,  it doesn.t mean up to 15,000 its nil.  pls. clarify.

Regards,

Aruna.

[Former Member]

[Former Member]

pls find the slabs...