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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
