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Yusuf (Querist)

30 August 2010 What is vat , service tax & income tax.
and what are law on following :
1.EMPLOYEE
2.SELF EMPLOYEE
3.COMPANYS
4.INVESTER

kindly , provide these information pleaseeee..

hoping for ur kind help ?
thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

30 August 2010 VAT- is an Indirect tax, applicable to sale & purchase of goods and leveied by the State Govt

Service tax-is an Indirect tax, applicable of services and leveied by the Centrl Govt

Income tax is a Direct tax, applicable on Income of a persons

Employee- is a person working with employer

Self employee-person having working own without any employment

Companys- Registered person under Companies act,1956

Investor- person who is Giving funds for Investment

Yusuf

Yusuf (Querist)

31 August 2010 All are fine but I was asking that ?
how much tax does this following pays to government ?

1.EMPLOYEE
2.SELF EMPLOYEE
3.COMPANYS
4.INVESTER

thanks in advance..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

02 September 2010 You are asking Total VAT,ST. Income tax act in single reply

VAT- based on state
ST- 10.30%
Income tax based on slab

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