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ARTICLE · 27 MARCH 2023

Karnataka Professional Tax Amendment 2023: Major Changes Notified

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The Government of Karnataka notified the Karnataka Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2023 in the Official Gazette on 14 March 2023, pursuant to the Governor's assent to the same on 13 March 2023.

IndiaTax
Anshul Prakash
Anshul Prakash
Deeksha Malik
Deeksha Malik
Ajeta Anand
Ajeta Anand
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Background

The Government of Karnataka notified the Karnataka Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2023 (New Amendment) in the Official Gazette on 14 March 2023, pursuant to the Governor's assent to the same on 13 March 2023. The New Amendment amends the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976 (Karnataka Professional Tax Act), and the same will be effective from 1 April 2023. In this update, we discuss the key changes brought about by the New Amendment from an employment law perspective.

Substitution of schedule detailing tax payable for various classes of persons

The New Amendment ushers in a new schedule (New Schedule) replacing the old schedule detailing the rates of tax on various classes of persons. The New Schedule is relatively concise as it has 12 entries in comparison to 74 entries in the old schedule of the Karnataka Professional Tax Act. Some of the significant entries in the New

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