Simplifying Taxation in India
Preparation of Form 16 (Both Part A & )… The format of form no 16 is desigend accorting to Financial Year 2014-15 & onwards (As per Income Tax department instruction, the part A of form no 16 will be download from http://contents.tdscpc.gov.in/ It Excel sheet include DDO DATA, EMPLOYEE DATA, STATEMENT, FORM NO 16, GROSS SALARY, … Read more
NOTE: LAST UPDATED: SEPTERMBER 18th 2015 04:10 PMSection Bill/ Pymnt Date Party Name Pan # Bill Amount (Excl S.Tax) TDS Amount Interest Rate Due Date Payment Date Delay (Month) TDS Interest Total BSR CHALLAN SR NO PAID ON DETAILS OF JOB CHARGES PAID, ACCURED TDS DEDUCTED, PAID AND LATE DEDUCTION & PAYMENTS:- ASSESSMENT YEAR: – … Read more
INTEREST ON LATE PAYMENT OF SERVICE TAX NOTE:- AFTER 01-10-2014 (A) DELAY UPTO 6 MONTHS : 18% (B) DELAY BEYOND 6 MONTHS BUT UPTO 1 YEAR : 24% (C) DELAY BEYOND 1 YEAR : 30% PENALTY ON LATE PAYMENT OF SERVICE TAX HIGHER OF (A) PENALTY NOT LESS THAN RS.100/- FOR EVERY DAY DURING WHICH FAILURE … Read more
Version 5 Income Tax Calculator – Individual, Company & Firm Following type Income Calculate Tax for Assesment Year 2016-17 & Financial Year 2015 -16 Also Its include 2015- 16 AY Tax calculator 1) Salary income 2) House property 3) PGBP Income 4) Capital gain:- :- U/s 111A :- U/s 112 and Normal capital gain 5) Other source income 6) Agriculture income … Read more
Automatic Depreciation Calculator as per Companies Act 2013Format Items Example: S.no Description Category Carrying value if purchased before 1/4/2014 or purchase cost Date of purchase Salvage value(Upto 5% of cost If sold during the year(Mandatory) Date of Sale(Leave Empty if no Sale) Sale Price(Leave empty if no sale) Useful life Remaining Life. Retained earnings effect Depreciation … Read more
Advanced Depreciation Calculator as per Companies Act 2013Download Depreciation Calculator as per Companies Act 2013 in Excel format. Depreciation is being taught across first level accounting school and upto advanced level. The concept is gaining too much importance post changes brought under Companies Act, 2013. Schedule II of the Companies Act, 2013 provides Useful Lives … Read more
Payslip Format in Excel DownloadORSalary Slip Format in Excel Download Pay slip is a must need for an employee.It is an essential for career record keeping, future job applying, tax paying, and banking & loan purposes. However, most of the companies are providing Pay-slip of employees but, some small scale industries who are not aware … Read more
Income Tax Calculator Assessment Year 2016-17 (Updated)(ALSO INCLUDED 2014-15 & 2015-16)ORIncome Tax Calculator Financial Year 2015-16 (Updated) RATES LIST:1. Where the taxable income does not exceed Rs. 2,50,000/-NIL 2. Where the taxable income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-10% of amount by which the taxable income exceeds Rs. 2,50,000/-.Less ( in case of Resident … Read more
Minor correction has been done on 16th April, 2015 in Income Tax Calculator for the Financial Year 2014-15 or Assessment Year 2015-16. There was error in showing amount of Income Tax after deducting 80TTA but now same has been replaced with 0 (Zero). This excel based individual utility is helpful for preparing salary … Read more
Automatic Calculates the applicable TDS Rate in case of foreign payments towards fees for technical services. Applicable wrt union Budget,2015 Issues still to be Addressed: Interest payment from IndiaThough we have discussed so far India Income tax provisions, DTAA provisions and relevant case laws. Let us see the areas where there is no clarity as … Read more