http://www.allinterview.com Top Taxation Interview Questions en-us 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/62950.html Exicse duty is the indirect tax levied by the state on the manufacture or production of goods in india.The rate of excise duty was 16.5% before 1April08.From 1stApril,the rate has been changed to 14% http://www.allinterview.com/showanswers/66125.html BASIC SALARY 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/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/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/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/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/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/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/77522.html T.R-6 CHALLAN IS USED FOR FILLING THE SERVICE TAX RETURNS G.A.R-7 http://www.allinterview.com/showanswers/70090.html it is calculated on the concerns expenses for for quarters Telephone expenses its taxable slab rate is 20% and fbt slab rate is 33.99% http://www.allinterview.com/showanswers/73235.html INDIVIDUAL:- slab rate :- 1 > FEMALE 145000/- exempt upto 150000/- @ 10% upto 250000/- @20% more then 250000/- & upto 1000000/- @30% 2 > Male 110000/- exempt upto 150000/- @ 10% upto 250000/- @20% more then 250000/- & u