{"id":1484,"date":"2022-03-25T17:20:52","date_gmt":"2022-03-25T17:20:52","guid":{"rendered":"http:\/\/finotaxsolutions.in\/?page_id=1484"},"modified":"2022-03-25T18:10:07","modified_gmt":"2022-03-25T18:10:07","slug":"tax-services","status":"publish","type":"page","link":"https:\/\/finotaxsolutions.in\/index.php\/tax-services\/","title":{"rendered":"TAX Services"},"content":{"rendered":"\t\t
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Income Tax Filling<\/strong><\/span><\/h4>

Taxes in India are of two types Direct tax and Indirect Tax. The tax that is levied directly on the income is called Direct tax. For instance, Income tax is a direct tax and the calculation of the tax is based on the income tax slab rates that are applicable during a given financial year.<\/p>

Income Subjected to\u00a0 Income Tax India<\/span><\/h5>

Everyone who is earning or gets an Income is subjected to pay Income Tax in India. Here is a simpler classification of the income that
breaks the income for further understanding.<\/p>

Income from salaries<\/strong> and Pensions\u00a0is also taxable under\u00a0<\/span>the Income-tax law in India.<\/span><\/p>

Income from Business and profession<\/strong>\u00a0which includes the profits earned by self-employed people, businesses, or even freelancers or
contractors is also subjected to Income tax payment in India. But besides this, the income earned from professionals like the insurance agents, Chartered Accountants, Doctors, and lawyers who are practicing are also included in this head.<\/p>

Income from Capital Gains<\/strong>\u00a0like the surplus income from\u00a0<\/span>capital assets like the shares, house property, Mutual funds, etc is also\u00a0<\/span>taxable.<\/span><\/p>

Income from house property<\/strong>\u00a0is also taxable when a house is rented the income from the rent is also taxable.<\/p>

Income from other sources<\/strong>\u00a0includes the income from the Bank account interest on savings accounts, lotteries, and fixed deposits<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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GST Filling <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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GST Registration Procedure: GST is a consumption based indirect tax. GST in India is called as Goods and Services Tax (GST) which is
an indirect tax levied on the supply of goods and services in India<\/span>. We provide a one-stop end to end solution for any GST related needs. Get checklist as well as complete solution for any kind of difficulties in filing.\u00a0<\/p>

We are going to try to help you with the GST Topic below<\/strong><\/span><\/p>

  • Tax Computations and ITC Adjustement in Books<\/li>
  • Monthly Tax deposit<\/li>
  • Monthly\/Quarterly\/yearly Return Filing<\/li>
  • Matching and availing Input Tax Credit (ITC) on Return<\/li>
  • Check updated balance status on\u00a0Electronic Ledger on GST Postal<\/li>
  • Uploading correct Invoice details on GST Portal etc.<\/li>
  • Any subsequent amendment in GST Registration<\/li>
  • Ensure correctness of GST Rate and HSN code on products<\/li>
  • GST Accounting and its treate in Profit and Loss Statement and Balance Sheet.<\/li>
  • Stay updated with latest Notifications, Circular and Rule issued<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    TDS Filling<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    TDS is deducted on income from salary, house property, interest on bank and post office deposits, profit or rent from house property,
    commission and fees received by a non-resident.<\/p>

    TDS Chart for FY 2021-2022<\/strong><\/span><\/p>

    Nature of Payment<\/strong><\/p><\/td>

    Section<\/strong><\/p><\/td>

    Threshold (in Rs.)<\/strong><\/p><\/td>

    Individual\/HUF TDS Rate (%)<\/strong><\/p><\/td>

    Others TDS Rate (%)<\/strong><\/p><\/td><\/tr><\/thead>

    Salaries<\/p><\/td>

    192<\/p><\/td>

    –<\/p><\/td>

    According to employees IT declaration<\/p><\/td>

    –<\/p><\/td><\/tr>

    EPF premature withdrawal<\/p><\/td>

    192A<\/p><\/td>

    Rs.50,000<\/p><\/td>

    10<\/p><\/td>

    –<\/p><\/td><\/tr>

    Interest of securities<\/p><\/td>

    193<\/p><\/td>

    RS.10,000<\/p><\/td>

    10<\/p><\/td>

    10<\/p><\/td><\/tr>

    Dividends<\/p><\/td>

    194<\/p><\/td>

    Rs.5,000<\/p><\/td>

    10<\/p><\/td>

    10<\/p><\/td><\/tr>

    Interest (Banks)<\/p><\/td>

    194A<\/p><\/td>

    Rs.40,000<\/p><\/td>

    10<\/p><\/td>

    10<\/p><\/td><\/tr>

    Senior Citizens<\/p><\/td>

    194A<\/p><\/td>

    Rs.50,000<\/p><\/td>

    10<\/p><\/td>

    –<\/p><\/td><\/tr>

    Single contractor payment<\/p><\/td>

    194C<\/p><\/td>

    Rs.30,000<\/p><\/td>

    1<\/p><\/td>

    2<\/p><\/td><\/tr>

    Aggregate contractor payment<\/p><\/td>

    194C<\/p><\/td>

    Rs.1 lakh<\/p><\/td>

    1<\/p><\/td>

    2<\/p><\/td><\/tr>

    Insurance commission<\/p><\/td>

    194D<\/p><\/td>

    Rs.15,000<\/p><\/td>

    5<\/p><\/td>

    10<\/p><\/td><\/tr>

    Commission \u2013 Lottery<\/p><\/td>

    194G<\/p><\/td>

    Rs.15,000<\/p><\/td>

    5<\/p><\/td>

    5<\/p><\/td><\/tr>

    Commission\/Brokerage<\/p><\/td>

    194H<\/p><\/td>

    Rs.15,000<\/p><\/td>

    5<\/p><\/td>

    5<\/p><\/td><\/tr>

    Plant\/Equipment\/Machinery Rent<\/p><\/td>

    194l(a)<\/p><\/td>

    Rs.2.40 lakh<\/p><\/td>

    2<\/p><\/td>

    2<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Profession Tax<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Those who are liable to pay Profession Tax under the act may be divided into two categories:<\/p>

    1. Persons* engaged in professions, trades, callings and employments<\/li>
    2. Employer** (Government, Public and Private Sectors who disburse salary\/wages to the employees)<\/li><\/ol>

      Person means any person who is engaged in any profession, trade and calling or employment in West Bengal and include (i) a Hindu Undivided Family, Firm, Company, Corporation or other Corporate body, any Society, Club or Association; & (ii) every branch or office of such firm, company, corporation or other corporate body, any society, club or association, so engaged, but does not include any person who earns wages on a casual basis on being employed for a period not exceeding 180 days in a year.<\/p>

      Employer means the person or the officer who is responsible for disbursement of salary or wages, and includes the head of the office or any establishment as well as the manager or agent of the employer.<\/p>

      Profession Tax is payable at the rates specified in the Profession Tax Schedule.<\/p>

      • A Person requires Certificate of Enrolment, annual payment of tax, but NOT filing of any Return<\/li>
      • An Employer requires Certificate of Registration, monthly payment of tax and filing of annual Return<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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        EPF - Employees' Provident Fund<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        We provide Return services for EPF members Employees provident fund Organization is providing pension and other certificate services to its member.\u00a0 We are providing EPFO Services like return and payment through our EPFO service portal. Through this portal, you will get all the details related to your fund and monthly returns of your fund. This is an advanced EPFO Service Portal in India from where you can get all the details related to your funds.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        Income Tax Filling Taxes in India are of two types Direct tax and Indirect Tax. The tax that is levied directly on the income is called Direct tax. For instance, Income tax is a direct tax and the calculation of the tax is based on the income tax slab rates that are applicable during a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-1484","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/1484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/comments?post=1484"}],"version-history":[{"count":46,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/1484\/revisions"}],"predecessor-version":[{"id":1537,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/1484\/revisions\/1537"}],"wp:attachment":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/media?parent=1484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}