http://www.allinterview.com Top Taxation Interview Questions en-us http://www.allinterview.com/showanswers/10782.html There is no fixed % on salaries whereas the Tax is dedcuted on salaries slab it may be 10%, 20% 30% as per the earinging in a financial year http://www.allinterview.com/showanswers/6538.html VAT is Value Added Tax. It is tax chared by the registered dealer at the time of sale of goods just like Sales Tax. A vat dealer can claim credit of vat on good purchased by him just like excise duty. While Excise is the tax on goods produced but http://www.allinterview.com/showanswers/62855.html TDS fullname is Tax Deduction at Soucre it means where the income accured there it should be deducted its just like advance Tax deductee will take befit of TDS if their income is less than TDS . some rates are given as below its diffrece http://www.allinterview.com/showanswers/3831.html assesment year means following year previous year means last year. http://www.allinterview.com/showanswers/63186.html tds is source of deduct tax in advance .it is not direct/indirect tax . it depends on nature.if deduct on incom means its direct mode.if deduct on pur/sale means its indirect source http://www.allinterview.com/showanswers/3834.html PT PF ADVANCE LOAN Any othe Deductions http://www.allinterview.com/showanswers/66125.html BASIC SALARY http://www.allinterview.com/showanswers/25803.html Service tax : Tax on the services provided. i.e. on intengible things. Excise : Tax on goods produced i.e. Tangible things http://www.allinterview.com/showanswers/16056.html INCOME YEAR IS THE YEAR IN WHICH INCOME TAX IS LEVIED ON THE INCOME EARNED IN FINANCIAL YEAR( i.e ASSESSMENT YEAR) , WHILE FINANCIAL YEAR IS THE YEAR IN WHICH INCOME IS EARNED.FBT YEAR IS THE YEAR IN WHICH FBT IS CALCULATED & DEPOSITED http://www.allinterview.com/showanswers/9679.html It is an imposition of tax as enforceable with effect from 1.11.2000 on the persons of different professions, trade, callings and employment as per the scheduled rate of tax depending upon the class of assesses. http://www.allinterview.com/showanswers/3830.html wages a/c dr to wages payable a/c Being Amount of Wages payable for the Month as per details Attahced) http://www.allinterview.com/showanswers/65525.html Full form of TDS is tax deduction source it is the tax which is deducted for the parties by company and it is a expense for company. Full form of TCS is tax collection source it is the tax which have to be collected by company from other' http://www.allinterview.com/showanswers/74065.html PF : Provident fund is calculated @ 12% on the basic salary, which indeed is deducted from Employee's salary and the same plus 12% on the basic is contributed by the employer. So the aggreate 12% + 12% is remitted to the Provident fund D http://www.allinterview.com/showanswers/59632.html In India there is TDS depending on the work nature. i.e Sub-contractors -2.266% ( including e.cess )2.06% <400000/- TDS on rent - individuals 16.75%.incase of 20.75% TDS on salary TDS on profession 10.3% pls give rankings http://www.allinterview.com/showanswers/9682.html Business is any kind of trade, Commerce or manufacture or any adventure or concern in nature of trade with the motive to make profit whether accruable or not.