Let's go through the steps below to view how the GST is computed on Deskera Mobile App. Select the right HSN code Pick the right HSN code auto-populated from the system 1. Tap on the 'Product' Icon. 2. Create a new product as per usual. For India, you will need to indicate the...
Capital Gains can be calculated by the following method Short-term capital gain = Full value of consideration – X Where X is equal to Cost of Improvement + Cost of Acquisition + Cost of Transfer Long-term capital gain = Full value of consideration – Y ...
How to calculate the road tax in India? Read more about RTO charges & how it is calculated, how to pay the road tax, toll tax & state wise list of the road tax in India
Since gratuity is time-based, it is important to understand how continuous service is calculated. Any employee who offers their uninterrupted service to their organization, leaving out absences that aren’t any fault of the employee, is considered to be in continuous service. ...
Goods and Services Tax (GST) is also known as indirect tax or consumption tax in India on the supply of goods and services. It is a comprehensive, multistage, and also known as destination-based tax. GST is a good and simple tax regime that will eliminate the compounding effects of multi...
Overview of Income Tax Refund You get tax refund only when you’ve paid more taxes (either by way of TDS or Advance Tax or Self-Assessment Tax) than you’re supposed to. The tax is calculated after taking into consideration all the deductions and exemptions at the time of filing of Incom...
Using the same example as above, COGS would be calculated with the new $9 candle supplier price point (since those candles were ordered most recently). Selling 130 candles would mean your COGS is $1,170. That would make the ending inventory formula: Beginning inventory ($5,000) + new pur...
What Is GST Payment? GST payment refers to the tax businesses and individuals are required to pay to the government under the Goods and Services Tax regime. This payment is calculated based on the applicable rates for the goods or services provided, after subtractingInput Tax Credit (ITC). Bus...
take the standard deduction if you do not itemize your deductions using Schedule A of Form 1040 to calculatetaxable income. The amount of your standard deduction is based on your filing status, your age, and whether you are disabled or claimed as a dependent on someone else’s tax return.3...
The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.