Beruflich Dokumente
Kultur Dokumente
DEFINITION
FORMS
An Act to provide for the levy & collection of tax on professionals , trade callings & employment in the state. Came into force in 1976
Annual Return
Monthly Return
FORM 5
FORM 5 A
DOWNLOAD FORM
http://ctax.kar.nic.in /prof_forms.htm
PT
SLAB
DATE OF PAYMENT
Amount Less than 3000 3000 - 5000 5000 - 8000 8000 - 10000 10000 - 15000 More than 15000
ding month +
Provident Fund
DEFINITION
"Employee" as defined in Section 2(f) of the Act means any person who is employee for wages in any kind of work manual or otherwise, in or in connection with the work of an establishment and who gets wages directly or indirectly from the employer and includes any person employed by or through a contractor in or in connection with the work of the establishment. Basic Wages" means all emoluments which are earned by employee while on duty or on leave or holiday with wages in either case in accordance with the terms of the contract of employment and witch are paid or payable in cash, but dose not include (A) The cash value of any food concession; (B) Any dearness allowance (that is to say, all cash payment by whatever name called paid to an employee on account of a rise in the cost of living), house rent allowance, overtime allowance, bonus, commission or any other allowance payable to the employee in respect of employment or of work done in such employment. (C) Any present made by the employer.
PF
FORMS
SLAB
DUE
DEFINITION
FORMS
The promulgation of Employees State Insurance Act, 1948 envisaged an integrated need based social insurance scheme that would protect the interest of workers in contingencies such as sickness, maternity, temporary or permanent physical disablement, death due to employment injury resulting in loss of wages or earning capacity. the Act also guarantees reasonably good medical care to workers and their immediate dependants.
http://esic.nic.in/f orms.htm
DUE DATE
ESI
FORMS
SLAB
tp://esic.nic.in/f orms.htm
DUE DATE
TDS Contractors
TDS Professions
TDS Commission
RATE SLAB Particulars Income Tax Surcharge Cess Total Rate 2% 10% 3% 2.266%
RATE SLAB Particulars Income Tax Surcharge Cess Total Rate 10% 10% 3% 11.33%
RATE SLAB Particulars Income Tax Surcharge Cess Total Rate 10% 10% 3% 11.33%
#REF!
http://www.incometaxmumbai.ni c.in/taxpayer/tds.htm
TDS Commission
TDS Rent
DUE DATE 7th of the succeeding month. Quarterly Payment:15th of the Succeeding month of that particular ended Challan no 281
RATE SLAB Particulars Income Tax Surcharge Cess Total Rate 20% 10% 3% 22.66%
articulars
come Tax
urcharge
Cess
otal
Challan no 281
Name:Address :
NOTE:- AT some places Formulae are feed into the blanks, Please do not change those blanks as TAX COMPUTATION may go wrong. (+) / (-) PARICULARS Basic Dearness Allownace House Rent Allowance Conveyance SodexHo Allowance Gift Coupons Prequisities- Assets Other Allowance TOTAL (+) Allowances Taxed if bills not produced Medical Allowance Leave Travel Allowance Education Allowance Telephone Allowance SodexHo Allowance Club Membership Driver's Allowance Petrol Allowance GROSS SALARY (-) Exemptions Under Sec 10 House Rent Allowance ( 13 A ) Computation or or or Note:40% of Basic + Dearness Allowance House Rent Allowance Received Excess of Rent Paid over 10% BASIC + DA Rent paid during the year Whichever is least should be taken Conveyance U/s ( 14 ) Leave Travel Allownace Medical Reimbursement SodexHo Coupons Education Allowances Telephone Reimbursement Gift coupons Petrol Reimbursement Driver Reimbursement Club membership TOTAL EXEMPTION NET SALARY (-) Deduction U/S 16 Professional Tax U/s 16 ( iii ) TOTAL DEDUCTIONS OTHERS
TYPE
It can be claimed 2 times in a block of 4 years ( 2006 - 2009 ) Interest repayment on higher education / university is exempted
TOTAL SALARY INCOME INCOME FROM HOUSE PROPERTY (-) Deduction under Chapter VI A U/s 80 C Employee Contribution to Provident Fund Life Insurance Premia Public Provident Fund National Saving Certificate VIII Issue Principle for Housing Loan Repayment Payment for Tution Fees Purchase of Infrastructure Bonds Term deposits Under Sec 80CCC Pensions TOTAL Other Deductions U/s G ( Donations ) U/s GGA ( Donations ) U/s D ( Medical Insurance premia ) U/s E ( Interest on Educational Loan ) U/s DD ( Medical Treatment for handicapped ) CESS TOTAL TAXABLE INCOME (+) (+) TAX ON TOTAL INCOME Surcharge Educational Cess TOTAL TAX PAYABLE Tax Deducted at Source By By By TOTAL TAX DEDUCTABLE MONTH WISE PRORATA EXCESS DEDUCTION
: 2007-08 : 2008-09 MALE TOTAL FOR THE YEAR This is required to be filled by you 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 According to Income Tax Act a max of 9600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IF A max of 15,000 p.a. can be claimed i.e.1250 p.m. The amount least among the following should be considered
If above 65 year
Children staying with parents exemption of Rs 100 p.m. , if in hostel exemptio exemption allowed for only a max of 2 children
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Disable <80%:--- 50,000 exempted Disable >80%:--- 75,000 exempted Diseases:--- <65 years:---- 40,000 p.a. >65 years:---- 60,000 p.a. Blind:---- 50,000 p.a. Exempted
0 0 0 0 0 0 0 Monthly deduction of tax for the year You can put remaining months incase TDS already deducted And you need to consider the Tax in the preceeding ROW
0 p.m. , if in hostel exemption of Rs 300 p.m. with the r only a max of 2 children
DEFINITION
The Finance Act, 2005 has introduced a new levy, namely, Fringe Benefit Tax (hereafter referred to as FBT) on the value of certain fringe benefits. The provisions relating to levy of this tax are contained in Chapter XII-H (sections 115W to 115WL) of the Income-tax Act, 1961. This circular seeks to provide a harmonious, purposive and contextual interpretation of the provisions of the Finance Act, 2005 relating to the FBT so as to further the objective of this levy.
PAYMENT OF FBT
The employer is required to pay advance tax at the rate of 30% of the current fringe benefits paid or payable in each quarter. The advance tax is to be paid on or before the 15th of the month following that quarter. However, in the case of the last quarter ending on the 31st of March of the financial year, the advance tax shall be payable on or before the 15 th day of March of that year.
#REF!
CLASSES OF FBT
of this levy.
(A) entertainment; (B) provision of hospitality of every kind to any person, whether by way of food or beverages or in any other manner excluding food or beverages provided to the employees in the office or factory or non transferable paid vouchers usable only at eating joints or outlets; (C) conference excluding fee for participation by the employees in any conference; (D) sales promotion including publicity but excluding specified expenditure on advertisement; (E) employee welfare excluding any expenditure or payment made to fulfill any statutory obligations or mitigate occupational hazards or provide first aid facilities in the hospital or dispensary run by the employer; (F) conveyance tour and travel (including foreign travel); (G) use of hotel, boarding and lodging facilities; (H) repair, running (including fuel) and maintenance of motorcars and the amount of depreciation thereon; (I) repair, running (including fuel) and maintenance of aircrafts and the amount of depreciation thereon; (J) use of telephone (including mobile phone) other than expenditure on leased telephone lines; (K) maintenance of any accommodation in the nature of guest house other than accommodation used for training purposes; (L) festival celebrations; (M) use of health club and similar facilities; (N) use of any other club facilities;
Value Added Tax is levied on products sold in the state at various rates namely 0%, 1%, 4%, 12.5%
http://ctax.kar.nic.in/Final_VAT_F ORMS_FOR_WEB.doc
Service Tax
MONTHLY
http://www.servicetax.gov.i n/st-formmainpg.htm 15th of the Succeeding month in which Quarter ended in ST-3 QUARTERLY
QUARTERLY
PT SL.NO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Name
Total of PT amount Rate of Interest No. of months Delay Interset Amount GRAND TOTAL ( INCL OF INT )
0 30
You are required to fill in the amounts of the concerned person's salary, it will show the amount of PT to be deducted
PF 8.33% goes to PENSION Fund 3.67% goes to PF Fund Basic Salary Employee Employer
PF Computation
SL.No
1 2 3 4 5 6 7 8 9 10
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
Charges of EDL
Total
0 0 0 0 0 0 0 0 0 0
0.01% of Basic salary Employer has to pay towards Admin Charges of EDLIS
Percentage
.61%= 13.61%
ESI
1.75% of Basic salary ( Eligibility:- Rs 50 & above per day )
ESI Computation
4.75% of Basic salary
SL.NO
1 2 3 4 5 6 7 8 9 10
Total SAME AS PF 0
NOTE: PLEASE NOTE, THIS IS ONLY A REFERENCER. (NOT FOR ANY OTHER USE)
XYZ LTD 31-Dec-2007 (DD/MM/YYYY) 0.576923077 10% 7.50% 58 YEARS DOB DOJ COMPL. SERVICE 2.08 5.94 12.84 8.76 FUTURE SERVICE 25 11 8 9
GRATUITY CALCULATION (15/26) SALARY GROWTH RATE INTEREST RATE(DISCOUNT RATE) RETIREMENT AGE EMP NO 1 2 3 5 EMPLOYEE NAME A.BALAJI R.SELVA KUMAR G.LAKSHMI NARAYANAN B.MUTHU SARAVANAN
(*)
EMPLANATION FOR EMP NO - 1 A.BALAJI DOB DOJ COMPL SERVICE GROWTH RATE FUTURE SERVICE FUTURE RATE GRATITY RATE GROSS SALARY LIABILITY MANUAL ENTRY DATE OF BIRTH MANUAL ENTRY DATE OF JOINING AUTOMATIC No of Years of COMPLETED SERVICE
MANUAL ENTRY POWER((1+1*G6),F6) - For arriving FUTURE VALUE @ FIXED GR MANUAL ENTRY LUMPSUM BENEFIT HERE 15/26 (approx 58%) MANUAL ENTRY Last Drawn Salary for the CURRENT YEAR AUTOMATIC LIABILITY for the UPTO CURRENT YEAR
INTEREST DISCOUNT RATE MANUAL ENTRY 1/POWER((1+1*H6),F6) - For arriving PRESENT VALUE @ FIXED
INTEREST GRATUITY GROSS RATE RATE SALARY 7.50% 7.50% 7.50% 7.50% 15/26 15/26 15/26 15/26 25000 60000 70000 10000
LIABILITY
1009023
732725
LETED SERVICE
O CURRENT YEAR