CommerceAngadi.com - Page 4 of 7 - Money Saved is Money Earned

Accounts Payable | Procure to Pay (P2P)

April 26, 2020January 28, 2022 Admin

What is Account Payable (AP)? What is Procurement to Pay (P to P process)? Accounts payable or Procure to Pay is a part of accounting that is involved with paying the invoices of a company, payable to the suppliers or vendors. The majority of the job openings are for Accounts payable or P to P. That is because this type of job is very important to a company. There is a demand for account payable jobs and there is no sign of this diminishing in the future. If you are…

Relief under Section 89 (1) on Arrears of Salary – Excel Download

March 4, 2020March 7, 2021 Admin

arrears of salary, relief under section 89

Normally Salary is received when it gets due. But sometimes in a year the Arrears of Advance salary may be received & gets Taxed in the year of receipt. In such a case, Section 89 (1) provides to claim Tax Relief on the Arrears of Salary received in the current year, which does not pertain to the current year. Form 10E should be filled online before filing the Return of Income. Example: Salary received in FY 2019-20 along with Arrears. The entire current year’s salary plus arrears of salary gets…

Income Tax Calculator for FY 2019-20 (AY 2020-21) – Excel Download

December 18, 2019August 15, 2020 Admin

This is an Income Tax Calculator India for the FY 2019-20 (AY 2020-21) and can be downloaded in Excel format. This calculator calculates Income from.. Salary, Pension, House Property (1 SOP & 2 LOP) along with Set off & carry forward of loss therein, and Other Sources. This is useful for all Individuals, viz. Normal Citizen, Senior Citizen & Very Senior Citizen. Click below to download an Excel calculator. Income Tax calculator Monthly tabulation of Salary Data, for Income Tax calculator on Salary & for Income Tax calculator on Pension.…

Mutual Fund | Brief Introduction

July 22, 2019May 21, 2022 Admin

Introduction to Mutual Fund : What is Fund? It is a collection of money for a specific purpose by the user itself. It is managed by each individual for his specified purpose. Eg. Accumulation of money for, Higher education of children, children marriage, foreign trips, retirement funds etc.. Mutual Fund : It is a fund created out of the collection of money from several persons. We can call it also a pool of Money collected from numerous investors. There are lot many Mutual Funds operating in India. Who collects…

Interest Sec. 234A, 234B & 234C for FY 2018-19 of Income Tax Act – Excel Download

May 21, 2019December 5, 2019 Admin

Section 234A, 234B, and 234C of the Income-tax Act, 1961 deals with interest payment as below. Interest in all the cases is payable @ 1% per month. Download the Free Excel calculator of Interest u/s 234A, 234B, and 234C from below link. Section 234A : For delay in furnishing of the income tax return in the time of before due date. Interest is payable only if the return is filed after the due date. Section 234B : For non Payment or short payment of Advance Tax. Tax is to be paid…

Deep Discount Bond or Zero Coupon Bond

May 5, 2019December 31, 2019 Admin

What is a Deep Discount Bond? or a Zero Coupon Bond? Bonds are issued by the Company as a security against the debt raised or loan is taken. Normally bonds are issued with a specific rate of interest. It means the interest payable is at a rate specified at the time of the issue. For example, A 10-year bond issued with a coupon rate of 6.5% means, the debt is raised payable after 10 years with the interest rate of 6.5% per annum. Some times, the company does not…

Income Tax Calculator for FY 2018-19 (AY 2019-20) – Excel Download

April 28, 2019December 31, 2019 Admin

This is an Income Tax Calculator for the FY 2018-19 (AY 2019-20) and can be downloaded Excel format. This calculator calculates Income from.. Salary, Pension, House Property (1 SOP & 2 LOP) along with Set off & carry forward of HP loss, and Other Sources. This is useful for all the Individuals, viz. Normal Citizen, Senior Citizen & Very Senior Citizen. Income Tax slabs for FY 2018-19 (AY 2019-20) Income Tax slabs for FY 2018-19 (AY 2019-20) General public less than 60 years of Age Senior Citizen (60-80 years of…

Sitting on my Head

March 17, 2019January 1, 2020 Admin

“Sitting on my head”, is an off-the-cuff way of complaining, which suggests stressing me out to harass to tease about something. Imagine, an individual who has agreed to try to do you a favor but he won’t be able to do it unless you are physically present in front of each other. You could not expect him to try to do your work if you tell him once and leave him so that he may do it when he gets time is called as ‘Sitting on someone’s head and make them…