GST Late Deposit Interest Calculator Use same Due Date & Payment Date for all Type Amount Due Date Payment Date Interest Action Add Entry Calculate Interest Export to Excel Export to PDF Understanding GST Late Deposit Interest and How to Calculate It What is GST Late Deposit Interest? Goods and Services Tax (GST) …
What is TDS under GST and Income Tax? TDS under GST: Applicable when payments to a supplier exceed a specified threshold (e.g., ₹2,50,000), requiring the deduction of 2% on the taxable value of goods/services. TDS under Income Tax: Deducted as per applicable rates based on the type of transaction, typically 1% or 2% for …
HRA Calculator Basic Salary (₹) HRA Received (₹) Rent Paid (₹) Do you live in a metro city? YesNo Calculate HRA Reset HRA Calculator: How to Calculate Your HRA Exemption HRA Calculator: How to Calculate Your HRA Exemption House Rent Allowance (HRA) is a component of your salary that is provided by employers to help …
Navigating through tax laws can be overwhelming due to the complex terminology used in legal provisions. Terms like section, sub-section, circulars, and clarifications often appear in the Income Tax and GST Acts. This blog breaks down these terms in simple language, providing definitions and examples for better understanding. Key Terms in Income Tax and GST …
Particulars Individual’s Return (Before HUF Formation) Individual’s Return (After HUF Formation) HUF’s Return A. Salary 20,00,000 20,00,000 – B. House Property (HP) Rent 7,50,000 – 7,50,000 C. Standard Deduction on House Property (30%) (2,25,000) – (2,25,000) D. Income from House Property (B – C) 5,25,000 – 5,25,000 E. Total Taxable Income (A + D) 25,25,000 …