Comments on:

By: Pankaj Batra

Pankaj Batra — Sun, 12 Mar 2017 05:42:32 +0000

@Rajender
Sorry for the delay
You can download new calculator from this page: http://www.pankajbatra.com/finance/income-tax-calculator/

By: Rajender Reddy

Rajender Reddy — Tue, 21 Feb 2017 12:27:51 +0000

Hello Sir,

Your tax calculator sheet has always helped me to plan my budgets and the taxes I need to pay. In this way, I was able to plan my things well. I am waiting for you to upload the tax calculator sheet for the FY 2017 – 18. Your sheets are always of immense help.
Thank you for that.

By: Vijay

Vijay — Tue, 13 Dec 2016 13:15:44 +0000

In reply to Vijay.

Please ignore this, I have posted as my earlier reply was not visible somehow.

By: Vijay

Vijay — Tue, 13 Dec 2016 13:14:20 +0000

Hi Pankaj,
First of all thanks a lot for the valuable information & suggestions you provide to us.
I have left to service profile and entering into own business (share trading) so similar to the question raised by Shilu, can I also deduct any expense incurred for my business (laptop, internet bills etc.) from taxable income?
Also, for this year I will be having mix of source of income, from salary & from share trading, which ITR I need to consider.

By: Vijay

Vijay — Sun, 04 Dec 2016 16:27:43 +0000

1st of all Thanks Pankaj, for guiding us through the probably most complex tax system of world. I am taking suggestions from your site for years.
I just taken a break from my service profile (job of mnc) and planning to start the Market trading (buying – selling stock). I have a query, as you have mention to Shilu, any expense incurred for business (by professional) is deductible from Net taxable income (profit). Does the same is also applicable for individual doing share trading?
Also, For this year, which ITR I need to follow, being mix of salaried + Own business( share trading).

By: KISHAN BHAI

KISHAN BHAI — Fri, 14 Oct 2016 13:17:47 +0000

In reply to KISHAN BHAI.

IF ITS ELIGIBLE THEN AT TIME OF SCRUTINY HOW I EXPLAIN THIS TO ITO FOR FURTHER TRANSACTION AS DOCUMENTARY PROOF

By: KISHAN BHAI

KISHAN BHAI — Fri, 14 Oct 2016 13:00:16 +0000

HI, PANKAJ JI I AM A FISHERMAN HAVE A FISHING BOAT I AM FISHING IN SEA AND THAT SEA FOOD PRODUCTS (FRESH FISH) EARNED FROM SEA I SALE IT IN PORT TO THE VENDORS AND ALSO OTHER BOAT OWNERS FISHERMANS IS SOLD THEIR FISH BY BOATING HIMSELF TO MY VENDORS ON MY BEHALF AT ONE STAGE WITH MY 1 % COMMISSION ON SALES AMOUNT WITH MY GOODS AND THE VENDORS IS PAID ALL THE GROSS AMOUNT IN MY ACCOUNT AND AFTER DEDUCTING 1 % COMMISSION I WILL PAY THEIR FISHERMAN HIS AMOUNT AND AT TIME OF FILING OF INCOME TAX RETURN I AM SHOWING MY TURNOVER OF BUSINESS AND 1 % COMMISSION GIVEN ME BY THAT OTHER FISHERMAN, BUT THE TRASACTION OF ALL THEIR FISHERMAN WAS MADE IN MY ACCOUNT. THIS IS ELIGIBLE IN INCOME TAX. KINDLY REQUEST YOU TO PLEASE GIVE THE SUGGESTION. AS I HAVE SCRUTINY OF INCOME TAX FOR THE SAME

By: Pankaj Batra

Pankaj Batra — Wed, 05 Mar 2014 17:56:41 +0000

In reply to Krishna.

@Krishna
We have limited knowledge on PF laws, so I would advise you to take help from a PF agent/CA/Tax professional.

By: Krishna

Krishna — Tue, 04 Mar 2014 11:04:14 +0000

Dear Sir,
We r one of Construction company and require to set up a pay structure for employees as well as wage sheet for workmen.
As an employer, I require a most legally possible way where I can pay employees on CTC basis with less PF on my part (considering new limit of 15000).
For work men, on which legal head I can show exceeded OT hours of Workmen. like, Shift allowance, site allowance or other allowance. Will these allowance head are legally permited by law?
I thank for you & your site in making aware of pay rules & regulations

By: Pankaj Batra

Pankaj Batra — Wed, 17 Jul 2013 09:08:27 +0000

In reply to Mahesh Sakhare.

@Mahesh
As of now, we don’t have plans to create such utility.
But would keep it in mind for future.