Steps to Pay UP commercial tax online.ppt

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Steps to Pay UP commercial tax online
By- myincometaxrefund.in
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• Mostly corporate companies and professionals
  higher Chartered Accounts for calculating income
  tax of financial year. But for the salaried
  persons and company employees whose taxes are
  nominal they cannot higher CA to compute tax.

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• For them this article will help you. They can
  exemplify and calculate their up commercial tax
  through this process. It is not so much lengthy.
  But for this it is very important for the person
  to save all the salary slips or the income gained
  in the business.

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• You must save the bills of whole year to
  calculate the commercial tax up in the right way
  using advance tax payment calculator. In the
  financial year, whole income of year will be
  counted and on that basis your income tax will be
  deducted from your income.

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• Here is the information how you can calculate
  your Uttar pradesh commercial tax.
• First of all you enter the income from salary
• Income from capital gain
• Income from house property
• Income from business and profession

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• Income from other sources
• Now minus the expenses like deduct travel
  expense, rent of the work place, internet and
  phone costs.
• Now total this amount.
• Add surcharge
• Add secondary and higher secondary cess
• Now count the tax payable.
• With this process you can also pay advance tax,
  if you are eligible for this.

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• What is Tax?
• Advance tax is a good option for those who dont
  want to pay taxes in lump some amount. This is an
  installment process, where the tax payer has to
  pay income as they earn. It is a Pay as you
  earn facility provided to the business and
  professional whose tax amount is more than
  10,000.

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• The salaried persons who earns income from
  capital gains, earn from lottery, house property
  is also eligible to pay tax in advance. If anyone
  forgets to pay the tax in advance, he or she has
  to pay 1 of interest of income

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• On or before Sep 15th Tax Payer is liable to
  pay tax less than 30 of tax payable
• On or before December 15th Tax payer is liable
  to pay IT return in advance not less than 60
  payable.

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