Professional Tax is collected by state governments. Its a tax on professionals.
In karnataka PT is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976.
You can say its a tax payable on Employment., and employees have to pay. Profession Tax shall be paid by every person exercising any Profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the Schedule to the Act.
A person is defined under the Act to mean, any person who is engaged in any Profession, trade, callings or employment in the State of Karnataka and includes :-
• Hindu undivided family (HUF)
• Other Corporate bodies
• Any Society
• Any Club or Association
Posted 3 years, 2 months ago by CA Pulkit Sharma
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