Applicability:
The Karnataka Profession Act is applicable to following persons:
a. Every employer who pays salary/wages to his employer more than Rs.5,000/- per month
b. Every person other than employer liable to pay tax under the Act.
Registration:
Every employer covering under “a” category shall apply for registration in Form 1 within 30 days from the date on which he is liable to pay tax. Ever persons covering under “b” category shall apply for enrollment in Form 2 within 30 days from the date on which is liable to pay tax.
Due dates:
Every person who is liable to pay tax under this Act has to pay the tax for the month and submit the return in Form 5 on or before 20th day of the subsequent month. Employer has to submit annual statement in Form – 5A on or before 30th day of May of every year. Return for enrolled person has to be submitted on before 30th day of April of every year.
