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
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
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