Question about Core Learning Calculation Skills: Volume 1 - Addition and Subtraction, Basic Level (CSBA3310) for PC

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How to calculate taxable Income and how to calculate Income Tax for FY 10-11?

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Hi, I researched this "website" for you,(http://multiutils.com/itax/itax0910.htm) hopefully it will have the answer your looking for, thanks. "Rating the help is appreciated, just click on the "Thumbs."

Posted on Apr 24, 2010

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    paul7of9 Mar 18, 2011

    This 'comment' is for FixYa! So my understanding is; -10 is {subtracted} for "Not Helpful: Solutions!" But! When the "Solution is Very Helpful! = 5 or < LESS!" ? Is this "Correct"!? I have another ?Question? Do a number between a (100 to 1000) people respond quicker, and more to "Solution that do not help!" In comparison to the "Solutons that do?"

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How to claim tax relief on PRSA Contributions?


PRSA is beneficiary to both an employee and a self employed individual.Most requirement for the tax relief claiming is that the annual income should be taxable under the income tax laws.For a self employed people they have to add their contributions to the self assessment tax return.Check out http://manning-financial.ie/ , the leading financial advisor in Ireland for a piece of advice regarding life cover,savings,investments,retirement planning & more.

Dec 24, 2015 | Office Equipment & Supplies

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How are taxes, if any, calculated in a pro forma?


I assume that you are creating a pro-forma for others to use. Very simply, you could offer a cell that asks the user to nominate the applicable tax rate for their tax jurisdiction, or, if you know (or assume the value), place that into a cell then multiply the taxable amount by 1+the tax rate, ie I buy shoes for $4 and have a 10% tax rate. Multiply the price of the shoe by 1.04 and you have the final price, inclusive of taxes.

Usually all fees and charges are applied before the taxes are calculated., but check your local tax rules because some government levied charges may not be taxable.

Aug 31, 2014 | Microsoft Excel for PC

3 Answers

How much benefit can one get due to house loan in calculation of income tax? Is there any good online calculator?


the benefit is 1.5L in case of house loan, refer http://www.makemyreturns.com/income-tax-calculator/income-tax-calculator.asp to calculate your income tax

Feb 21, 2013 | Office Equipment & Supplies

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What is mean by tax and service tax


TAX:

A fee charged ("levied") by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes.

SERVICE TAX

Service Tax is a form of indirect tax imposed on specified services called "taxable services". Service tax cannot be levied on any service which is not included in the list of taxable services. Over the past few years, service tax been expanded to cover new services. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. The intention of the government is to gradually increase the list of taxable services until most services fall within the scope of service tax. For the purpose of levying service tax, the value of any taxable service should be the gross amount charged by the service provider for the service rendered by him.

Aug 25, 2010 | Tally Computers & Internet

1 Answer

Non Tax and TAx


Are you talking about the departments? Do you want a non-taxable department?

Apr 16, 2010 | Casio Parts Cash Register PC Desktop

1 Answer

What is vlookup & hlookup?


1024x768 Normal 0 false false false /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} These are Excel functions for Lookup tables. The purpose of Lookup tables is to bring a value to the table, find the closest (or exact) match, and then return another value.

An example is the federal income tax table. On your tax return you get your gross income and number of dependents, go to the Lookup table, and find your taxable income.

The V in VLOOKUP means that the table is vertical; HLOOKUP has a horizontal orientation.

If you use the Insert Function button in Excel and paste either function, the dialog box will explain each required field separately with examples.

Dec 02, 2008 | Microsoft Excel for PC

1 Answer

Variable tax rates in Excel


hi there

Here you go!
NOTE:
1) Cell A8 mentioned here can be changed according to the cell where you want the input.
2) Change the Cell Formatting of the input and output cell to Currency so that you can see the $ symbol.

=IF((A8<=6000),0,IF(AND(A8>=6001,A8<=216000),(((A8-6001)*17)/100),IF(AND(A8>=216001,A8<=58000),((((A8-216001)*30)/100)+2652),IF(AND(A8>=58001,A8<=70000),((((A8-58001)*42)/100)+13572),IF(A8>=70001,((((A8-70001)*47)/100)+18612))))))

Please let me know if you have any more queries

All the Best.

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Feb 21, 2008 | Microsoft Excel for PC

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