New GST Set-Off Rules – Order of Utilisation

Simplified Explanation of the New GST Set-Off Rules: Business owners have to navigate a variety of rules and regulations to comply with the Goods and Services Tax (GST). The government changed the set-off procedure with effect from 29th March 2019. The new rule specifies that IGST credit set-off rules must be fully utilized before using CGST and … Read more

GST Set Off Calculator Excel – Download

Excel GST Set-Off Calculator: You can download this GST Set off calculator for free. It is free to use in Excel for an unlimited period of time. You can use the GST utilization calculator as often as you like. This calculator is based on new rules applicable w.e.f. 1st Feb 2019. Prior to using the CGST and … Read more

GST Set Off Calculator 2023 (New Rules with Smart Set Off)

 How to use GST Set-Off Calculator The GST set-off calculator is very easy to use. By using this GST utilization calculator, you can calculate GST payable or GST input carry forward. Step 1: Based on your transaction details, fill in the values for Output GST (IGST, CGST, SGST) and Input GST (IGST, CGST, SGST). … Read more

e-Invoice Turnover Applicability Calculator 2023

eInvoice Turnover Applicability Calculator 2023: Here is the latest calculator for e-invoice turnover applicability. It includes the latest update on the 10th of May 2023 about the turnover limit being reduced from 10 crores to 5 crores. This calculator makes it easy for you to determine if you qualify for e-invoices or not.  What … Read more

GST e-Invoice Applicability & Registration (Rs.5 Crore from Aug 1)

A computer-generated invoice is called an e-invoice. Basically, e-Invoices are invoices that have already been generated from accounting software so they can be uploaded to GST Portal as well. The GST Council believes that the format of electronic data used for invoices needs to be uniform (same for all) so that the data can be … Read more

Account Books Required to Maintain under Income Tax & GST Act

The Income Tax Act and the Goods and Services Act (GST) both contain different provisions regarding the maintenance of books of accounts, respectively. It is common for people to keep records of their daily expenses and incomes. In accordance with the Income Tax Act, some individuals are required to keep and maintain records of daily … Read more

How to Apply for Voter ID Card online – A Step by Step Guide

For a country like India, a Voter ID card serves as an important document of identification. Irrespective of whether you are buying a new sim card or buying a house, Voter ID card is a must. The Election Commission of India (ECI) has recently simplified the process to register for Voter ID cards by taking … Read more

Residential Status for Tax Calculation AY 2023-24

From the perspective of income tax, determining the taxability status of a person in India is very important. So to calculate tax as per Income Tax ACT India, you have to determine your residential status. In order to determine a resident’s status in India, the Income Tax Department of India has prescribed certain guidelines which … Read more

Deduction 80D ay 2023-24 ay 2024-25

Deduction 80D AY 2023-24 & 2024-25: A health insurance policy covers the medical expenses of the insured. Each policy may have different coverage, perks, and limitations. Health insurance can make paying for medical bills easier and reduce financial stress. Tax deductions are available for medical insurance premiums paid by individuals and Hindu Undivided Families (HUFs). … Read more

Deduction 80D Calculator AY 2023-24 AY 2024-25

Deduction 80D Calculator AY 2023-24 & AY 2024-25  – Calculate 80D Deduction in Seconds. Ask if you have any queries related to 80D deduction calculation.Until the 2023 Finance Act, all amendments to section 80D are included in this calculator. Deduction 80D Calculator:  Taxpayers who pay for health insurance or preventive health care can deduct those … Read more

Deduction 80C AY 2024-25 & AY 2023-24

Deduction 80C A.Y. 2023-24 & A.Y.2024-25: There are a number of deductions under Chapter VI-A, namely Sections 80C to 80U, that can be deducted from gross income in order to arrive at net income/taxable income. In this article, we will discuss only section 80C deduction. Investments in certain instruments, such as Life Insurance Premiums, Employee … Read more

PAN Validation Tool – Check PAN Valid or Not?

Your browser does not support iframes. PAN Validation Tool: This tool (PAN Validator) confirms the valid structure of the Permanent Account Number (PAN).  There are ten letters and numbers in this code, as discussed in the PAN structure above.  There is a particular structure that follows the formation of a PAN (Permanent Account Number) card … Read more

TCS Rates Chart AY 2024-25

TCS Rates Chart AY 2024-25: The table below shows the TCS rate for the financial year 2023-24/ Assessment Year 2024-25 under section 206C. If the collector does not receive the collectee’s PAN, tax will be collected in accordance with section 206CC at either twice the rate listed in the table or at 5%, whichever is … Read more

Income Tax Calculator Excel (AY 2024-25, AY 2023-24)

Excel Income Tax Calculator AY 2024-25:  This income tax calculator is for calculating income tax for both AY 2023-24 and AY 2024-25. This income tax calculator is free to download. You can calculate the income tax amount for both old tax regime and new tax regime. All amendments up to finance bill 2023 are included … Read more

Deduction 80C of Tuition Fee (Updated 2023)

Deduction 80C of Tuition Fee: The government allows income tax deductions for education because education is a vital part of one’s life. Developing countries like India benefit from it by increasing literacy rates. There are lots of tax benefits available for Children’s Education Allowance, Tuition Fee Payment, and School Fee Payment. Taxpayers can deduct up … Read more

Cost Inflation Index Table from 2001 to 2023-24

Indexed Cost of Acquisition shall be calculated in two steps. Calculating the cost of acquisition of capital assets is the first step. CII of the year in which the capital asset is transferred is multiplied by the cost of acquisition and divided by either CII of 2001-02 or CII of the year in which the … Read more

TDS Calculator AY 2024-25 FY 2023-24

 >TDS Calculator AY 2024-25: This TDS calculator is applicable to payments and credits made from  01-04-2023 to 31-03-2024. The TDS (Tax Deducted at Source) calculator helps you calculate TDS on payments to deductees. It is the deducter/payer’s duty to deduct TDS when paying or crediting the deductee. In other words, the payer or deductor … Read more

TDS Rates Chart AY 2024-25 (FY 2023-24)

TDS Rates Chart AY 2024-25 (FY 2023-24): At the time of accrual or payment of certain incomes/payments to the payee, the payer deducts tax at the source at the prescribed rate. Taxes deducted/collected or paid as advance tax in the previous year are known as pre-paid taxes. Pre-paid taxes are deducted from the assessee’s total … Read more

Rent Receipt Generator Online Free

 Rent Receipt Generator Online Free: A rent receipt confirms that rent has been paid by the tenant to the landlord. The payment receipt should contain the date and amount of the payment, the tenancy tenure, the tenant’s address, and the signature of the tenant and landlord. To avoid disputes or misunderstandings with landlords, tenants … Read more