Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate pf, esi, vat, sales tax etc.,
- 61 Answers
- 726257 Views
- Aparna Enterprises, Cap Gemini, Genpact, Gurcharan International, HCL, Pushp Steel, Shriram, TCS, I also Faced
- E-Mail Answers
Answer Posted / suchit
PF : Provident fund is calculated @ 12% on the basic
salary+DA+Food Allowence+Cash Allowence (Upto Rs.6,500/-and
above of the limit, Company can decide), which indeed is
deducted from Employee's salary and deposit in PF A/c No.1
and the same plus 12% on the basic is contributed by the
employer and deposit 3.67% in the A/c No.1 and remaining
8.33% in A/c No.10 of Pension fund (which is calculated on
the maximum limit of PF Rs.6500/-). So the aggreate 12% +
12% is remitted to the Provident fund Department
ESI : Employee State Insurance is calculated at 1.75% on
the gross salary of the employees whose salary is below Rs.
10000/-permonth (w.e.f 2008) and Employer contributes 4.75%
on the gross salary of the employee and the agreegate 1.75%
+ 4.75% is remitted to the ESI Department
VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value of the product by the seller
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
104.
SALES TAX : Same as VAT
| Is This Answer Correct ? | 143 Yes | 28 No |
Post New Answer View All Answers
What do you understand by dissolution of firm?
How many turnover company active TAN no applicable and how many deduction % of service.
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?
please send me andhra bank clerk xam model papers
Rules for filling Income Tax return for a domestic manufacturing company.
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
WHEN FORM VAT R-2 USE?
what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.
i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.
what is central excise tax
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
How Many Category of VAT in West Bengal
what is capital account? how to manage it? what is the process?
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
