How you calculate Personal tax, business tax, income tax,
service tax?
Answers were Sorted based on User's Feedback
Answer / sahoo chandra sekhar
Personal tax should be calculated on basis of Male, female
and Senior citizen as per finance bill and change from tite
to time. pl. follow the finance bill in
Incometaxindia.gov.in
Business Tax can Calculate on Net profit of the Business.
It is varry to business to Business or U/S-44AD, 44AF and
other cases also.
Income Tax should be calculated on (TAXABLE INCOME) OF
Personal Income relating to income from Salary, House
property,Capital gain, Income from Business &
Profession,Income after deduction U/s-80c to 80 U or
chapter-VI of the income TaX aCT 1961 upto 1 Lakh of in
case of 80G can increase in case basis.
Serve Tax rate 10.30% on all types of services in India.
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / vasant
Service tax rate 12.36% on all type of services in india
| Is This Answer Correct ? | 1 Yes | 1 No |
What is TAN, TAN, PAN, DIN and what are uses of these in any company/organization/firm. pl tell me
i have a question that if i need to deduct wct on contract but the supplier don't have the vat registration what shoul be done?
"A" is a Registered Dealer of Maharastra State, "B" is a Registered Dealer of Gujrat state and agent of "A", "C" is a Registered Dealer of Gujrat State. "C" ordered "A" to sand goods of certain specification. "A" in his term issues good to "B" to make such goods in the specification desired by "C"."C" sands such goods to "A". "A" raises invoices to "C". Which type of Sale transactions occured in the situation.
if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats
What is the penalty of non payment or late payment of Service Tax, VAT, TDS?
is Discount Allowed Indirect Expences?
If We received Purchase bill for Rs. 67320 2% CST ( Ta Rs. 1320 on Assessable value of Rs. 66000/- ) against Form C but while making payment we had paid as per 12.50 % Tax amount i.e. 8250 . Total paid Rs. 74250/- then is it necessary to give Form C to the party?
what is the income tax rates of domestic and forgin companies
If an employee joins a new company, who is liable to transfer his PF amount from old company to new company, and what is the process for that ?
2 Answers Shanker Infra And Allied Services,
We paid advance rent of office for next 6 months, when should we pay the TDS into bank, is it will monthly or it will be in advance?
What is purchase tax. ? Define .
we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us.