WebCreate TCS ledger under Current Assets and record transactions. In the Ledger Creation screen, press F12 and enable the option Allow creation of tax ledgers under other groups … WebThe salary calculator explains different deductions such as employee provident fund, insurance, and professional tax and calculating in-hand or take-home pay. This can be …
TCS Rates applicable from FY 2024-22 (AY 2024-23) - TaxGuru
Web13 aug. 2024 · There are certain TCS specific form formats which should contain all information for filing the TCS returns. This includes: CD ROM with a capacity >=650 MB A DATA Cartridge which is 4mm 2GB/4GB (90M/120M) 1.44 MB floppy diskette that is 3.5 Inches The tax returns should be accompanied with a Form No.27B and it should also be … WebThe salary calculator or take home salary calculator is a tool that calculates your in-hand salary based on the Cost To Company (CTC) or total salary package after all taxation and deductions. The salary calculator will show you all the deductions such as the employer and employee provident fund, professional tax, employee insurance, income tax and the … arun shivanandan
How TCS is Calculated - Tax4wealth
Web11 apr. 2024 · Here, the seller will have to collect tax as TCS at a rate of 0.1% from the buyer when the amount of sale consideration received for ANY goods sold (excluding exports) exceeds INR 50 lakhs. That means TCS applicable on sale consideration that is more than INR 50,00,000. Web2.1 TCS Rate Proposed section 206CCA of the Act would apply on any sum or amount received by a person (herein referred to as collectee) from a specified person. The proposed TCS rate in this section is higher of the following rates – twice the rate specified in the relevant provision of the Act; or the rate of 5% WebTCS Calculation. 587 Views. Follow RSS Feed Dear All. While calculating for TCS, the TCS account is debited instead of the Crediting. The WHT Codes/Types are specified in … arun sharma pdf