tag:blogger.com,1999:blog-2004257931445490362.post3709673478357860537..comments2024-03-26T15:10:46.095+05:30Comments on SIMPLE TAX INDIA: Interest calculator 234ABC Advance Tax challan excel pdf free softwareRAJ KUMARIhttp://www.blogger.com/profile/12854260124513086419noreply@blogger.comBlogger58125tag:blogger.com,1999:blog-2004257931445490362.post-55683975834044009382013-08-01T09:40:44.700+05:302013-08-01T09:40:44.700+05:30sir, for the interest income (rs. 51553)& tds...sir, for the interest income (rs. 51553)& tds-- 5072<br />what will be tax liability for ay 2013-14.<br />will it attract any penalty if paid as self assessment tax before due date i.e. 05 aug 2013Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-82891378602034927292013-07-25T09:49:36.165+05:302013-07-25T09:49:36.165+05:30interest is to be shown in interest column not in ...interest is to be shown in interest column not in tax or cessRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-65212338290180316672013-07-25T09:36:43.845+05:302013-07-25T09:36:43.845+05:30No , tds is to be shown in tds column ,date is not...No , tds is to be shown in tds column ,date is not relevant RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-57640872890309451092013-07-25T09:36:41.460+05:302013-07-25T09:36:41.460+05:30dear sir, please clarify that after calculating th...dear sir, please clarify that after calculating the interest how should we divide the interest amount into tax and education cess?Anonymoushttps://www.blogger.com/profile/12019887065424690696noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-78216141953381074422013-07-25T09:34:21.060+05:302013-07-25T09:34:21.060+05:30dear sir, please clarify that if the tds has been ...dear sir, please clarify that if the tds has been filed by the employer after 31 march 2013, then should i fill the tds deducted column of the calculator 2? Anonymoushttps://www.blogger.com/profile/12019887065424690696noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-50383303339499767192013-04-08T11:31:42.952+05:302013-04-08T11:31:42.952+05:30Dear Tax experts,
I am a salaried professional. I ...Dear Tax experts,<br />I am a salaried professional. I have received a demand notice of Rs.1813 for AY2011-12 which I am yet to pay (as on 08-Apr-2013). I am trying to pay online, but unable to arrive at the figures for Basic tax,Edu.cess,Surcharge,penalty,interest and 'others' fields. <br />Details:<br />Aggregate Income tax liability:Rs.52909<br />Prepaid taxes :TDS of Rs.51096 (by Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-15074130187254578982013-01-26T16:16:57.833+05:302013-01-26T16:16:57.833+05:30you can also download excel based income tax inter...you can also download excel based income tax interest calaculator from:<br />http://abcaus.inAnonymoushttps://www.blogger.com/profile/02427838605468475082noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-55745591708439943372013-01-17T19:32:30.116+05:302013-01-17T19:32:30.116+05:30check you form 26AS onlinecheck you form 26AS onlineRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-27556624428473006462013-01-17T19:28:20.311+05:302013-01-17T19:28:20.311+05:30Just wait for Notice from departmentJust wait for Notice from departmentRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-47552779933523609202013-01-16T20:45:14.997+05:302013-01-16T20:45:14.997+05:30oops.....Just now realized that I calculated the w...oops.....Just now realized that I calculated the wrong interest. I calculated from August month instead of April month. Now what to do ? :-(<br /><br />Thanks,<br />Amit KumarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-61003842203761516922013-01-16T20:28:45.708+05:302013-01-16T20:28:45.708+05:30thanks Raja,
I paid the tax for INR6807 with INR4...thanks Raja,<br /><br />I paid the tax for INR6807 with INR410 interest but it did not calculated automatically, correct me here if I am wrong. Also, challan receipt got generated and that is with me. Let me know if I have to post it somewhere for verification. Just after paying the tax when I query with my BSR Code and BSR Code it shows "No records found for the above query". Let me Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-34791802913441167232013-01-09T21:52:53.719+05:302013-01-09T21:52:53.719+05:30not a very serious thing, and there is no default ...not a very serious thing, and there is no default list as such. Deposit tax online and revise your income tax return now.As far as interest is concerned you itr return form provided by income tax department automatically calculate interest u/s 234ABC.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-76994593860164285862013-01-09T21:30:09.742+05:302013-01-09T21:30:09.742+05:30Hello,
I am a corporate employee and I have to pa...Hello,<br /><br />I am a corporate employee and I have to pay tax INR6807 for year 2012-2013. Today I went to income tax office to pay but they said you can pay it online as well. Also, when I said them that I have uploaded my ITR form on website without paying then they said you should not do this without paying the tax and now you are in defaulter list :-(. So, I wanted to know how to fill it Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-54416099495178402342012-09-24T16:46:20.365+05:302012-09-24T16:46:20.365+05:30Dear shri Raja Babu
Grateful if you could answer ...Dear shri Raja Babu<br /><br />Grateful if you could answer my above query dt 21 September 2012 on interest payment soon.<br />Thanks and regardsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-27582513367224687602012-09-21T09:37:08.108+05:302012-09-21T09:37:08.108+05:30My C/f LTC loss of Rs 22,003.00 on debt fund from ...My C/f LTC loss of Rs 22,003.00 on debt fund from prev yr has been disallowed since I submitted the returns on 25 Mar 2012 for AY 2011 - 12. The tax at 20.60% works out to Rs 4533.00. The debt funds in which LTCG was made were redeemed on 06/10/2010.I received the ITO letter on 01/09/2013.<br />Please let me know how much interest has to be added for paying balance tax.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-72442142679291279712012-08-22T21:30:01.986+05:302012-08-22T21:30:01.986+05:30This is as per act ,what is wrong in it.Though in ...This is as per act ,what is wrong in it.Though in above calculators this rule has not considered RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-19214908547575068362012-08-22T21:25:45.808+05:302012-08-22T21:25:45.808+05:30sec 234b is not applicable if 90% of tax asssessed...sec 234b is not applicable if 90% of tax asssessed on returned income is deposited by the end of f.y.?shiva1989https://www.blogger.com/profile/06419328005659390833noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-85135205267424999672012-07-27T18:48:42.431+05:302012-07-27T18:48:42.431+05:30asessee has to pay tax during financial year it se...asessee has to pay tax during financial year it self ,when 100% is not deposited then interest will be charged ,,Detail already shown above.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-24895933782262378562012-07-27T13:41:41.461+05:302012-07-27T13:41:41.461+05:30While filing the IT returns, I see that I have to ...While filing the IT returns, I see that I have to pay interst under 234B and 234C which amounts to 3000 INR. Im not able to understand from where this intrest has come. every year I have filed the returns correctly.<br /><br />- ManuAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-54695589079013064452012-07-25T22:03:03.786+05:302012-07-25T22:03:03.786+05:30As per rule person must pay his all tax before clo...As per rule person must pay his all tax before close of financial year itself in advance if total tax liability is more than 10000 .But if has not paid in advance (means before close of financial year)then he have to /shall pay balance tax as self assessment tax in assessment year.So if you have balance tax for fy 2011-12 then pay it as self assessment tax before 31.07.2012 now. <br /><br />How RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-53810726302361034772012-07-25T21:40:25.411+05:302012-07-25T21:40:25.411+05:30If the tax liability due to FD etc (self assessmen...If the tax liability due to FD etc (self assessment tax greater than 10000) is paid in July (before 31 july 2012) for a salaried employee, you are saying he falls under Advance tax? Is Self Ass tax not payable by July 2012?Pramanickhttps://www.blogger.com/profile/15014385589682942937noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-80474783172438561602012-07-25T07:32:51.301+05:302012-07-25T07:32:51.301+05:30First installment is due on 15.09 and second is du...First installment is due on 15.09 and second is due on 15.12 so interest has been calculated for 3 months ,then interest has been calculated for 15.12 to 15.03 3months then 15.03 to 31.03 one month all at 1% per month or part thereof <br /><br />234B<br />interest for apr,may,june, july four monthsRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-43024338258508322072012-07-24T21:10:00.175+05:302012-07-24T21:10:00.175+05:30Sir,
Please explain how the no of months is being...Sir,<br /><br />Please explain how the no of months is being calculated in the below example.For first installment the interest is 129(43 * 3 months). But from April 2011 to September 2011, the duration is 6 months. Please help me in understanding the calculation of months for all 3 installments.<br /><br />"Installment % Due Amount Due Amount paid Balance Interest<br />15.09.11 30 4320 0 Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-83313373841656841882012-07-20T15:12:58.863+05:302012-07-20T15:12:58.863+05:30Yes , you can deduct travelling exp, phone exp, st...Yes , you can deduct travelling exp, phone exp, stationery exp, helper exp etc etc.<br /><br />Your tax will be as under<br />Total income =150000+150000+94124+2110=396234<br />less =80c,80d=13846<br />net income =396234-13846=382388<br />tax=20239+607(cess)=20846<br />less tds=26312<br />refund=26312-20846=5466<br /><br />so no need to deposit any tax in form 280, just fill itr-4 and get refund RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-22992933475833568892012-07-20T14:31:48.916+05:302012-07-20T14:31:48.916+05:30Dear Raja Babu,
The TDS deducted on the employee ...Dear Raja Babu, <br />The TDS deducted on the employee portion of the contribution (94124) is INR 26,312. The same is also shown in the Form 16. I have mentioned it in the second paragraph. <br />Also, I am deducting approx 13,846 in deductions for medi-claim and PPF. <br />For expenses on earned income, can i use my telephone bills, and computer expenses. if so in which form. I did not keep any MGhttps://www.blogger.com/profile/11643739553531964628noreply@blogger.com