Download Income Tax Calculator in excel – A.Y. 2013-14
2. Set off of Brought Forward Losses
3. Rebate on Agricultural Income
4. Tax on Income Taxable at special rates i.e. Capital Gain, Inning from Lottery etc.
CHAMAN DEEP SINGH Volunteer Computer & Management Trainer in LP4Y
Sl. No.
|
Section Of Act
|
Nature of Payment in brief
|
Cut Off Amount
|
Rate %
| ||
01.04.2012
|
01.07.2012
|
HUF/IND
|
Others
| |||
1
|
192
|
Salaries
|
Salary income must be more thenexemption limit after deductions.
|
Average Rate
| ||
2
|
193
|
Interest on debentures
|
2500
|
5000
|
10
|
10
|
3
|
194
|
Deemed dividend
|
-
|
-
|
10
|
10
|
4
|
194A
|
Interest other than Int. on securities (by Bank)
|
10000
|
10000
|
10
|
10
|
4A
|
194A
|
Interest other than Int. on securities (By others)
|
5000
|
5000
|
10
|
10
|
5
|
194B
|
Lottery / Cross Word Puzzle
|
10000
|
10000
|
30
|
30
|
6
|
194BB
|
Winnings from Horse Race
|
5000
|
5000
|
30
|
30
|
7
|
194C(1)
|
Contracts
|
30000
|
30000
|
1
|
2
|
8
|
194C(2)
|
Sub-contracts/Advertisements
|
30000
|
30000
|
1
|
2
|
9
|
194D
|
Insurance Commission
|
20000
|
20000
|
10
|
10
|
10
|
194EE
|
Payments out of deposits under NSS
|
2500
|
2500
|
20
|
-
|
11
|
194F
|
Repurchase of units by MF/UTI
|
1000
|
1000
|
20
|
20
|
12
|
194G
|
Commission on sale of lottery tickets
|
1000
|
1000
|
10
|
10
|
13
|
194H
|
Commission or Brokerage
|
5000
|
5000
|
10
|
10
|
14
|
194I
|
Rent (Land & building)
|
180000
|
180000
|
10
|
10
|
Rent (P & M , Equipment, furniture & fittings)
|
180000
|
180000
|
2
|
2
| ||
15
|
194J
|
Professional/Technical charges/Royalty & Non-compete fees
|
30000
|
30000
|
10
|
10
|
16
|
194J(1)(ba)
|
Any remuneration or commission paid to director of the company(Effective from 1 July 2012)
|
NA
|
NIL
|
10
|
10
|
17
|
194LA
|
Compensation on acquisition of immovable property
|
100000
|
200000
|
10
|
10
|
18
|
194LLA
|
Payment on transfer of certain immovable property other than agricultural land (Finance Minister has withdraw TDS on such transaction on 07/05/2012)
|
(a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area)
|
withdrawn by Finance Minister on 07/05/2012no tds on such transactions
|
Sl.No.
|
Nature of Goods
|
Rates in %
|
1
|
Alcoholic liquor for human Consumption
|
1
|
2
|
Tendu leaves
|
5
|
3
|
Timber obtained under forest lease
|
2.5
|
4
|
Timber obtained by any mode other than a forest lease
|
2.5
|
5
|
Any other forest produce not being timber or tendu leaves
|
2.5
|
6
|
Scrap
|
1
|
7
|
Parking lot
|
2
|
8
|
Toll plaza
|
2
|
9
|
Mining & Quarrying
|
2
|
10
|
Minerals, being coal or lignite or iron ore
|
1 wef 01.07.2012
|
11
|
Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 5 lakhs in jewellery and two lakh in case of Bullion)
|
1 wef 01.07.2012
|
Tax to be deducted by Govt Office
| ||
1
|
Tax deposited without challan
|
Same day
|
2
|
Tax deposited with challan
|
7th of next month
|
3
|
Tax on perquisites opt to be deposited by the employer
|
7th of next month
|
Tax deducted by other
| ||
1
|
tax deductible in March
|
30th April of next year
|
2
|
other months & tax on perquisites opted to be deposited by employer
|
7th of next month
|
SrNo
|
Quarter ended On
|
Date of payment
|
1
|
30th June
|
7th July
|
2
|
30the September
|
7th October
|
3
|
31st December
|
7th January
|
4
|
31st March
|
30Th April
|
Due date ETDS return 24Q, 26Q 27Q and Form16 ,Form 16A
| |||||
Sl. No.
|
Quarter ending
|
From 01.11.2011 on wards For Govt offices
|
For other deductors
| ||
Etds return
|
Form 16A
|
Etds return
|
Form 16A
| ||
1
|
30th June
|
31st July
|
15th August
|
15th July
|
30th July
|
2
|
30th September
|
31st October
|
15th November
|
15th October
|
30th October
|
3
|
31st December
|
31st January
|
15th Feburary
|
15th January
|
30th January
|
4
|
31st March
|
15th May
|
30th May (31st May for form 16)
|
15th May
|
30th May (31st May for form 16)
|
Do you know?