Incomtax... computation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2014
dear sir,
total income par income tax ki calculation kis tarah hoti hai. slab ke according ya direct 30 %,whenever my income is aboue 1 crore. and my firm is individual propritership firm. and how to calculate incomtax if my firm is partnership firm.
.
.
for example:- 1.my individual firm's income:- 10500000/-
2. my partnership firm's income:- 10500000/-
please give me calculation statement as soon as possible.
thanks
kesahv parashar
7737197276
total income par income tax ki calculation kis tarah hoti hai. slab ke according ya direct 30 %,whenever my income is aboue 1 crore. and my firm is individual propritership firm. and how to calculate incomtax if my firm is partnership firm.
.
.
for example:- 1.my individual firm's income:- 10500000/-
2. my partnership firm's income:- 10500000/-
please give me calculation statement as soon as possible.
thanks
kesahv parashar
7737197276
01 October 2014
Case 1:
Individual Firm Having Income of 10500000/-
Tax Will be calculated as per slab rate
after calculating income tax you need to charge surcharge @ 10% and then 2% Education Cess on Tax and Surcharge and 1 % SHEC on Tax and Surcharge
2. Firm Having Income of 10500000
Firm is taxed directly 30% of income
and 10% surcharge and then 2% education cess and 1% SHEC
Individual Firm Having Income of 10500000/-
Tax Will be calculated as per slab rate
after calculating income tax you need to charge surcharge @ 10% and then 2% Education Cess on Tax and Surcharge and 1 % SHEC on Tax and Surcharge
2. Firm Having Income of 10500000
Firm is taxed directly 30% of income
and 10% surcharge and then 2% education cess and 1% SHEC
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
