1) Should I calculate Health cess on Tax payable before TDS or after utilizing available TDS credit?
2) In tax challan, payment has been made in Income tax field altogether instead of cess and income tax field. Is tat ok?
Menu
Income tax challan payment
Replies (5)
1.edu cess on tax amt after tds
2.no problem
2.no problem
1. First calculate Total income
2. calculate tax on total income
3. Add 4% cess
4. Total tax liability including cess
5. Reduce Advance Tax, TDS
6. Balance is S A Tax payable or refund due
-----------
In tax challan , payment has been made under income tax field - it's okay
2. calculate tax on total income
3. Add 4% cess
4. Total tax liability including cess
5. Reduce Advance Tax, TDS
6. Balance is S A Tax payable or refund due
-----------
In tax challan , payment has been made under income tax field - it's okay
calculate your tax including cess and then deduct TDS and advance tax.. The remaining amount is tax payable or excess is tax refundable , as the case may be.
Follow Kapadia Sir's advice...
He's absolutely correct
He's absolutely correct
before claiming TDS/advance tax paid apko cess lagana hai computed tax per.
Recent Topic
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
Related Topics
CAclubindia
