CALCULATION OF INCOME TAX IF A PERSON HAVING AGRICULTURE INCOME AND SALLARY/OTHER INCOME BOTH.
DETAIL:-
                 IF A HAS AGRICULTURE INCOME  RS 100000/-AND OTHER INCOME RS 500000/- TOTAL INCOME RS 600000/-

CALCULATION         TOTAL INCOME RS 600000/-

LESS EXCEMPTION                                RS 250000/-
                            BALANCE INCOME    RS 350000/-

INCOME TAX     250000 TO 500000  10% RS 25000/-
                             500000 TO 600000   20%RS  20000/-
                                 TOTAL INCOME TAX RS 45000/-
LESS  AGRICUTURE INCOME EXCEMPTED  100000/- 10% I.E  RS 10000
                                                                                  




TOTAL INCOME TAX PAYABLE RS45000
LESS EXCEMTED                          RS10000/-
FINAL INCOME TAX PAYABLE RS 35000-
ADD 3% SURCHARGE                       1050/-
TOTAL PAYABLE                          RS 36050/-

TALLY FEATURE FOR TRACKING ENTRY

IF ANY PERSON MAKE CORRECTION IN TALLY ENTRY WE CAN CHECK BY USING SET/ALTER FEATURE BY USING SET/ALERT UNDER  F12 FUNCTION KEY.FOR SHOWING ALTER ENTRY GO TO SUMMARY OR DAY BOOK THEN IF ANY ALTERATION HAS BEEN DONE EVERY ENTRY WILL SHOW LOGIN ID  OF ENTRY ALTERED.
                                                                                                                                                IF ANY QUERY REGARDING TALLY PLEASE CALL ME ANY TIME ON BELOW MENTIONED NUMBER.
AJAY KUMAR MISHRA
EMAIL ID ajay.mishra6916@gmail.com
mobile no-9935381063,8765229733.

Excemption limit for service tax.

Finance ministry May raised  budget 2016 service tax Excemption limit from Rs 1000000/- to Rs2500000/- Whoes Annual turnover Below Rs 1000000/- to Rs 2500000/- not liable to pay service tax and charge from customers. 

Excemption limit for service tax

Excemption limit for service tax is Rs 1000000-.Service provider beyond annual turnover Rs 1000000/- not liable to charge service tax on services and deposit in goverment account