HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND
CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY
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Answer / sankar
ESI: DUE DATE EVERY MONTH 21ST
EG: IF U WILL PAY THE SALARY FOR THE MONTH OF NOV U WILL
PAY THE ESI BEFORE 21st DEC
ESI IS APPLICABLE FOR BELOW 15000 Rs SALARY FOR THE MONTH
ESI WILL BE DEDUCTING 1.75% FROM EMPLOYEE'S GROSS SALARY
AND EMPLOYER 4.75% WILL BE PAYING TO THE GOVT. TOTAL 6.50%
WILL PAY THE COMPANY TO GOVT.
WE WILL PAY THE CONTRIBUTION EVERY MONTH BUT WE WILL SUBMIT
THE RETURN HALY-YEARLY ONCE
APR TO SEPT --- DUE DATE NOV 11th
OCT TO MARCH -- DUE DATE MAY 12th
PF: DUE DATE EVERY MONTH 15th
WE WILL DEDUCT PF ON EMPLOYEE'S BASIC SALARY 12%
EMPLOYERS CONTRIBUTION IS 13.61%
TOTAL CONTRIBUTION IS 25.65%
BUT THIS WILL BE CALCULATION DEATILS GIVE AS UNDER
EMPLOYEE'S COTRIBUTION 12%
EMPLOYER'S COTRIBUTION 3.67%
PENSION FUND CONTRIBUTION 8.33%
ADMINISTRATION CHARGES 1.1%
EDLI 0.50%
INSPECTION 0.01%
SALES TAXS:
VAT: DUE DATE EVERY MONTH 15th
PURCHASE:- INPUT TAX
SALES:- OUTPUT TAX
SALES TAXS= OUTPUT TAX-INPUT TAX
INCASE INPUT TAX EXCEED OUTPUT TAX THIS WILL BE ADJUSTED IN
CST OR WE WILL GET BENIFIT NEXT MONTH
CST: WHEN WE PURCHASE OR SALE IN OTHER STATE THIS WILL BE
EFFECT BUT PURCHASE CST WE CAN NOT RECOVER
EXCISE: DUE DATE EVERY MONTH 5th
RETURN SUBMISSION IS WITHIN 10th
EXCISE TAX CALCULATE 10% ON BILL VALUE
THIS PERCENTAGE IS DEPOND UPON THE PRODUCT
AND WE WILL CALCULATE 3% CESS ALSO
PURCHASE EXCISE & SALES EXCISE DIFF AMOUNT WE WILL PAY
INCASE PURCHASE EXCISE MORE THAN SALE EXCISE THIS AMOUNT WE
WILL RECOVER NEXT MONTH
I DON'T REMAINING WHO KNOWS PLZ GIVE ANS ABOVE DETAILS IS
AS PER MY KNOWLEGE. ANY MISTAKE PLZ GIVE ME CORRECT ANS
THNKS
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / Dinesh Chandra Joshi
Calculating various taxes and deductions such as ESI (Employees' State Insurance), PF (Provident Fund), VAT (Value-Added Tax), Income Tax, Excise, CST (Central Sales Tax), and refund claims requires knowledge of the applicable tax laws, regulations, and rates in your country or region. Here is a general description for each tax:
1) ESI: Calculated based on the employee's salary and the contribution rate set by the government. Employers and employees both contribute to ESI.
2) PF: Contributed by both employers and employees towards the employee's retirement savings. The contribution rates vary depending on the region.
3) VAT: A consumption tax charged on goods and services at each stage of the supply chain. Rates differ from one jurisdiction to another.
4) Income Tax: Calculated based on the income earned by individuals or entities, with different tax slabs (income ranges) applying various rates.
5) Excise: A tax levied on the production, manufacture, sale, or consumption of specific goods such as tobacco, alcohol, and petroleum products.
6) CST: A value-added tax charged on interstate sales of specified goods within a state.
7) Refund claims: Claims for refunds may be possible under certain circumstances, such as when the tax paid exceeds the actual liability or when there is an error in the calculation.
| Is This Answer Correct ? | 0 Yes | 0 No |
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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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