Income Tax Archives - CommerceAngadi.com

Income Tax Calculator for FY 2023-24 (AY 2024-25) | Free Excel Download

January 5, 2024February 15, 2024 Admin

The Income Tax Calculator for FY 2023-24 (AY 2024-25) is in Excel and is free to download. Tax Calculation Heads for individuals. Salary income Pension House Property Other Sources (Interest, Dividends etc.) Download Button : Click on the below link / button to download the free Excel, income tax calculator for FY 2023-24. Do you want to earn some Pocket Money online in your free time? – Click here to sign up and start Your Earning. The income Tax Slab for computation in the Income Tax Calculator for FY…

Interest under Sec. 234A, 234B, 234C for FY 2021-22 of Income Tax Act – Excel Calculator

September 13, 2022 Admin

Interest under Sec. 234A, 234B, 234C of Income Tax Act : An Assessee has to pay Taxes in Advance on his/her income during the Financial Year. In case, of default in paying the same will attract the interest liability and calculate the interest under sec. 234A, 234B, and 234C of the Income Tax Act. You can put the Tax liability & Advance payments to calculate the interest under Sec. 234A, 234B, and 234C of the Income Tax Act in the Free Excel Calculator. To download the same, please click…

Income Tax Calculator for FY 2022-23 (AY 2023-24) | Free Excel Download

July 17, 2022 Admin

Free excel Income Tax Calculator for FY 2022-23 (AY 2023-24) is available for free to download. It calculates the Tax on income under below heads for individuals. Salary income Pension House Property Other Sources (Interest, Dividends etc.) Click on below link / button to download the free excel income tax calculator for FY 2022-23. Income Tax Slab for computation in Income Tax Calculator for FY 2022-23 is briefed below. The new regime of taxation is introduced from FY 2020-21, which is optional to an Assessee. In Option/alternative 1 (Old regime),…

Depreciation | Meaning and its Greed for use

March 13, 2022 Admin

What is Depreciation? When an entity acquires a Capital Asset, it will be a Balance Sheet Item. There is wear and tear of an Asset in use and results in a reduction in the value of the same. The deduction is in the form of Depreciation and is available over the life of that respective Asset. The deduction is allowed in the form of allowance every year, called Depreciation. In brief, depreciation is a Capital Allowance towards Fixed Assets and allowed as a deduction from the Revenue/Income before arriving at…

Tax Audit | Future and Options Trading

January 23, 2022January 29, 2022 Admin

What is Tax Audit and Future and Options Trading? Tax Audit is defined under section 44AB of the Income Tax Act. Click here for the full text of this section. Future and Options Trading is also called derivative Trading. Please click here for a brief explanation. Every Trader trading in Future and options is been told to get his accounts audited before filing his Income Tax returns. I saw some traders are not filing the Income Tax returns in case of Losses & lose the benefits of carrying forward of…

Income Tax Refund Status

January 13, 2022 Admin

How to check the Income Tax Refund Status? With the link given in the below post, you can check the status of the Income Tax Refund. The income tax return filed may be with the refund or without the refund claim. When the return gets processed, an assessee gets an intimation thereof. If there is a refund claim in the calculation, it will not get credited to the given Bank account of an assessee. But sometimes you won’t be knowing the status thereof. Sometimes when you file a return of…

Income Tax Calculator for FY 2021-22 (AY 2022-23) – Free Excel Download

June 6, 2021February 1, 2022 Admin

The Income Tax Calculator FY 202-22 (AY 2020-21) is in Excel and is available Free for download. It calculates the tax on, Income from Salary Income from Pension Income from House Property Income from Other sources (Interest, Dividend, etc.) Click below to download the Free Income tax refund calculator FY 2021-22 in excel free. Income Tax Slab for FY 2021-22 for Tax computation in Income Tax Calculator briefed below. The new regime of taxation is introduced from FY 2020-21, which is optional to an Assessee. In Option / alternative…

Interest under Sec. 234A, 234B, 234C for FY 2020-21 of Income Tax Act – Excel Calculator

May 28, 2021January 9, 2022 Admin

Interest under Section 234A, 234B, 234C levis under Income-tax Act, 1961. For calculation of Interest under Sec. 234A, 234B, 234C for FY 2020-21 of the Income Tax Act – Excel Calculator from the link given below. The file is updated with sample data to understand the working of the File. Section 234A: Apply for the delay in furnishing the Income-tax return on or before the due date. Interest is payable only if the return is filed after the original due date. Because the due dates for filing of IT return…