How to calculate pf, esi, vat, sales tax etc.,
Answer Posted / dinesh karthick
PF exempted is 12% of total salary.Here salary means
Basic+DA+Commision On turnover.
VAT is levying of tax on the value added to a particular
product.VAT differs for different products.For eg for food
it is 2% Normal products 4%.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
WHEN FORM VAT R-2 USE?
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
What is excise & service tax?
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
professional tax rate
Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.
what is service tax? how its count? and why its count?
is there easy guide for the latest India tax & accounting information for 2010?
At what point excise duty is accrued
who will able to deduct the tds
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
how to creat e-vat return in tally
how to calculate vat, st, cst, excise duty, customs duty, tds.
What qualification require for become a tax consultant ? what the future in this..???