Can anyone calculate income Tax from following details :
I. Monthly Components Amount (INR)
1. Basic Salary: 64,900
2. House Rent Allowance (50%): 32,450 ( rent paid 22,000 pm , city: pune)
3. Company contribution to E.P.F./Special Pay I: 7,788
4. Superannuation fund/Special Pay II (15%): 9,735
5. National Pension Scheme/Special Pay III (10%): 6,490
6. Leave Travel Assistance (10%): 8.490
7. Statutory Bonus/Ex-Gratia (20%): 12,980
8. Miscellaneous Allowance: 21,571
Total to be paid monthly (M)= 1,62,404
Total for the year [M12] [A] : 19,48,848

II.Variable Components
1. Annual Performance Bonus [APB] Per Month [M]: 18,333
Total APB 10.0% of Annual Gross Salary [B]: 2,19,996

III.Annual Component
1. Provision for your gratuity[C] (4.0%): 31,152
Annual Gross Salary [A+B+C] =21,99,996

IV. Major Benefits [Average cost per person p.a.)
Insurance and Food" [D] =41,000

Cost To Company (CTC) (A+B+C+D) =22,40,996

I have mistakenly added a challan twice in traces. Because of this I have received demand from the department. Can anyone help in rectifying this

Hi Everyone,

TDS is deducted under section 194O by the E Commerce operator. This income was against an international project . Hence it is shown as export of service in GST without payment of tax. Is that ok? Does reporting under section 194 O means it should be shown as Indian Income and charge GST?

Thanks in advance

Need help in demand received to pay additional 19% on the purchase property. Aadhaar pan of seller was not linked. But now linked. Seller is not cooperating to pay the notice. Also, not agreeing if I will pay the amount and he will give me back next year via itr regular filing. Can we connect. Need help in resolving this. Here is my number 9999773877. Please ping me or share your number.

Hello, how is goodwill taxed while selling a business and how can I save tax on that

I have recieved short deduction notice due to inoperative pan of seller.(notice on 28 july, deal on 26 th july 2024)
I have paid only 10 percent of deal value ( approx 20 lacs) to buyer rest is to be paid by bank loan(which currently i have put on hold)
Short deduction is around 40 lacs.
Can I cancel this form 26 qb and ask the buyer to link his adhar and pan card
And file for new challan

My query is what happens to
1)my short deduction notice
2)What are the requirements to cancel challan.Will they ask for cancelled sale agreement deed
3)Is it the way out or i have to ask bank to pay tds from this amount and if i cut 40 lacs how many days can buyer get refund.
4) can i appeal to income tax officer after buyer links adhar pan card to revise short deduction notice
Thanks and regards

SIR,

I COULD NOT ABLE TO UPLOAD FORM 27C AS IT SHOWS DATE FORMAT ERROR. IN CSV FORMAT WHEN TRY TO FORMAT AS DD MMM YYYY . IT IS NOT WORKING. WHEN I RE-OPEN IT IS GOING BACK TO OLD FORMAT.
PLEASE HELP THANKS

I want to file 15G/H TDS return, guide me how and when to file TDS 15G/H return by Employer or is filling of return compulsory.

Hi, I have to change the assessment year in TDS challan paid through online
Can you tell me the procedure to correct it and it helps me to resolve demand notice

How to prepare 24Q in RPU with zero deduction of TDS for generate for 16 Part A