How you calculate Personal tax, business tax, income tax,
service tax?
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Answer Posted / sahoo chandra sekhar
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.
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