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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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Question 
How you calculate Personal tax, business tax, income tax, 
service tax?
 Question Submitted By :: Rakesh_barapatre
I also faced this Question!!     Rank Answer Posted By  
 
  Re: How you calculate Personal tax, business tax, income tax, service tax?
Answer
# 1		 
Personal tax should be calculated on basis of Male, female 
and Senior citizen as per finance bill and change from tite 
to time. pl. follow the finance bill in 
Incometaxindia.gov.in


Business Tax can Calculate on Net profit of the Business.
It is varry to business to Business or U/S-44AD, 44AF and 
other cases also.

Income Tax should be calculated on (TAXABLE INCOME)  OF 
Personal Income relating to income from Salary, House 
property,Capital gain, Income from Business & 
Profession,Income  after deduction U/s-80c to 80 U or 
chapter-VI of the income TaX aCT 1961 upto 1 Lakh of in 
case of 80G  can increase in case basis. 

Serve Tax rate 10.30% on all types of services in India.
 
Is This Answer Correct ?    5 Yes 1 No
Sahoo Chandra Sekhar
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
any change in service tax rate 10.3%?  1
what is long term capital gains & short term capital gains ? Mphasis6
what is cess?  1
Difference between provision & reserve with an example? OPI3
How to calculate the interest on housing loan for an LET OUT PROPERTY?  1
WHAT IS TIN  3
what is mean by security transaction tax? it considers how during profit calculation of shares trading. ICICI7
Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.  3
please tell me procedure how to calculate vat if we got vat credit?  1
How to do online submition of form 16 for the f.y-2007-08  1
what is the rate of tds on interest payment and basic exemption limit for general insurance co.  1
What is Advance Payment of Tax?  1
what is diffrant betwwen exice duty & sale tax  3
what is vat,meaning,procedure,heads,rates,all form of vat,when vat is filled,full information about vat?  2
What is TDS and what are the various rates of TDS? IBM2
what is the rate of wct in india ie delhi ncr and who can veryfiy the same and what is the commond and check list applicable for an taxman/ officer  1
what is CST for what we are using it  6
why issue c form? what is procedure of issuing 'c' form?  1
We have received Bills of Aug-2008 for contract charges. I have passed the bills in Dec-2008. So, we will pay intrest on tds or not?  1
What is the tds (194C) deposit date for the payment made to a contractor on 31 March.  4
 
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