Persons Exempted from Paying Taxes Under Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976

The Government of Karnataka, as per powers conferred to it under Section 29, exempts the tax payable under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976, with effect from the date of publication in the Gazette. In this blog we will discuss about Exemptions on Karnataka Tax.

Karnataka Tax

Exemptions Related to Vehicles

    • Owners of two or fewer privately operated vehicles or through third parties transport vehicles (other than autorickshaws) are exempted from paying taxes.

    • Holders of licenses for two- or three-wheeled goods/passenger vehicles or taxis also come under this ambit.

Exemptions Related to the Health of Individuals

    • Individuals physically challenged and working in any profession with permanent disability accounting for at least 40% of upper and lower extremity deformities are further exempted from paying taxes.

    • Individuals with a single kid with sterilization surgery do not have to pay taxes.

    • Blind, deaf, and dumb individuals covered by Serial No. 1 of the Schedule also come under this.

    • Except for Bengaluru, Ramanagara, and the Bengaluru Rural District, all charity and nursing homes below the Taluk level do not have to levy taxes.

Exemptions Related to Military Personnel

    • Former military personnel not included under Serial No. 1 of the Schedule are exempted from paying taxes.

    • The Army Act of 1950, the Navy Act of 1957, and the Air Force Act of 1950 oversee combatant and non-combatant civilian personnel of the armed forces do not have to levy taxes.

    • Personnel of the Central Paramilitary Force (CPMF) also get this relief.

Exemptions Related to Corporate Firms

    • Foreign technicians employed in the state are excused from paying income tax for up to two years after the Government of India authorizes their appointments.

    • Directors of companies incorporated in Karnataka appointed by financial institutions that the state government, other statutory organizations, or both do not have to levy taxes.

Exemptions Related to Educational Institutions

    • Kannada or English shorthand or typewriting schools do not have to pay taxes.

    • People in charge of educational institutions, tutorial colleges, and establishments that teach typing or shorthand but not technical institutes are exempted from paying taxes.

    • People who oversee educational establishments that provide classes up to the twelfth grade also come under this.

Conclusion

These Exemptions on Karnataka Tax will help people employed in different industry sectors save money for their families, improving their living conditions. Furthermore, these classes of people help in the state’s overall economic development.