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income tax calculation formula excel


CBDT extends due date for filing return to 5th August 2016

F No 225 195 2016 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block IT II DivisionNew Delhi the 29thof July 2016 Order under Section 119 of the Income tax Act 1961 On consideration of reports of Bank strike on 29thJuly 2016 Friday and the

Extension of the last date for filing of DVAT returns for 1st quarter

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES pOLICY BRANCH VYAPAR BHAWAN I P ESTATE NEW DELHI 110 002 No F 7 420 VAT Policy 2011 PF 518 24 Dated 28 7 16 CIRCULAR NO 11 of 2016 17 Sub Filing of online return for first quarter of 2016 17 Extension of period thereof I

FM takes a serious view of opposition by Income Tax officers

The Union Finance Minister Shri Arun Jaitley takes a serious view of the resolution by Officers of Indian Revenue Service Income Tax against Department of Revenue The Ministry of Finance has learnt through a newspaper item which appeared today that some officers of Indian Revenue Service Income tax

Paperless PAN and TAN application process introduced

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Ease of Doing Business Paperless PAN TAN application process For fast tracking the allotment of PAN and TAN to company applicants Digital Signature Certificate DSC based application procedure has been int

Undisclosed income of Rs 21354 cr detected in last 2 years

There is no official estimation of the amount of black money stashed away abroad Various non governmental organizations and economists in the past have indicated certain estimations of illicit financial flows out of the country Such estimations appear to be based upon different sets of facts assumpt

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Experts Opinions

service tax

what service tax is applicable on under construction commercial property sale

Tax or interest is allowable

Whether tax and interest paid on regular assessment demand by the department is allowable as per income tax

Is car loan principle or interest eligible 4 tax deduction?

I m a government employee I have been sanctioned car loan of 8 lakh rupees in July 2016 How can I best save my income tax while filing returns for FY 16 17 next year Please help as my total income from salaries and other sources for FY 16 17 would be in 30 slab Thank you

Regarding liability of service tax

Sir I provide taxi cab bus to University or government Department Please guide about service tax liability on my bill amount Thanks Regards Rajendra Singh Rathore Email rajendra rajendra1982 Gmail Com

Income tax return

Dear Sir I can paid tax for the a y 2016 2017 and I file return after 5th aug 2016 then any notice raise or any difficulty raise or not


Depreciation as per income tax act.

Hello If someone having 50 000 as a opening block 01 04 2015 of assets of category 15 and sold something from it in exchange with Rs 60 000 on 03 10 2015 having purchase worth Rs 40 000 as on 02 02 2016 Then how we will calculate depreciation as per Income Tax Act

Dividend received on shares taxable or not

I had received dividend from listed companies in Fy 2015 16 Is itmydividend amount taxable or not

Service tax & vat

Dear sir service tax and vat are available in two wheeler Authorised service centre

Loss set off against business income

Dear Sir If this loss of income from other sources adjusted with business income under presumptive basis u s 44AD or 44AE then where I can put this loss in ITR 4S Please clarify me anyone

Indirect tax

Club Entry Fees charged which will be utilized inside but if less amount utilized then balance left will not be refunded VAT St is applicable For ex 700 entry fees 375 vat ST incl utilized inside now what about the balance 425 it is the income of the club but no ST vat charged what to do with the sa

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  • Order for extension of time limit u/s 139(1)

    In exercise of the powers conferred u s 119 of income tax act 1961 CBDT extended time limit for filing return u s 139 1 from 31st July to 5th August 2016 due to bank strike on 29th July and public holiday sunday on 31st July
  • SBI Loan Affidavit in Excel Format

  • IDT Service Tax Case Laws

    case laws in short for easy and better understanding
  • Amended IDT Book - Nov 2016

    Self Study Guide to Indirect Taxes
  • Income Tax Calculation 2016-17

    Prepare form 16 upto 500 employee in single excel sheet Tax calculation and prepare section 89 1 relief from F Y 1985 86 to 2016 17 View Tax Rate for last 31 years Calculation of Tax under section 234A 234B 234C prepare challan no 280 281 Find out TDS TCS rates Find out Maturity value of Term Deposit RD House Rent Allowance rebate calculation and find out interest on NSC and much more in single excel sheet

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Income Tax Deductions 2016-17

Dear All Here are Income tax Deductions taking effect of amendments as per finance budget 2016 presented by Mr Arun Jaitely Income tax deduction for AY 16 17 Section 80c The maximum tax exemption limit under Section 80C has been retained as Rs 1 5 Lakh only The various investment avenues or expenses

Who? What? How for the income declaration scheme, 2016

THE INCOME DECLARATION SCHEME 2016 SNO QUESTION SOLUTION 1 Who Is Eligible For This Scheme 1 The Person Who Has Not Received Any Notice Under Section 142 1 143 2 148 153a 153c For That Assessment Years Will Only Be Eligible For Declaration 2 No Proceeding For That Assessment Years Is Pending Before

Understanding the GST Model Law- Input Tax Credit

This is the seventh in the series of proposed articles on the GST Model law The purpose is mainly to create awareness and enable one to look at the unintended impact as maybe applicable for each sector person It could also aid in representation needed for amendment of the Model GST Law to make it ta

Netaji, aap income tax return file karo, to hum tumare saath hai?

Arjuna Fictional Character Krishna the Maharashtra Election Commission has cancelled registration of 191 political parties for not filing income tax return and audit report What will happen and what will be its consequences if a common man does not file income tax return Krishna Fictional Character

Lets excel in Excel - Funda # 3

Hey Friends Here is another tip related to financial analysis which should be helpful to you guys Sorting from left to right We all must have used sorting in lot of our exercises We generally sort the data either alphabetically A Z or Z A or on the basis of values increasing or decreasing from top t

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Updated on : 7/30/2016 8:17:10 PM


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