TaxPro IT User Guide¶
Computation¶
Tax Details¶
Computation of Tax¶
Computation of Tax
- Tax Details window shows detail working of the computation of tax, which changes on fly with change of any information.
- Agricultural income, if any, can be entered here.
- Use the buttons marked as ‘»‘ to open and insert the details relating to the particular item.
- Shows Details of Taxable Income and Tax
- Shows Tax under different head like Regular, LTCG, STCG…etc.
- Auto Calculation of Surcharge along with Marginal Relief.
Rebate and Relief¶
Rebate and Relief
- Auto calculation of Rebate u/s 87A
- Relief u/s 89 if any gets automatically populated here, with detailed working reported in Statement of Income.
TDS and TCS¶
TDS and TCS
- TDS/TCS Details can be Auto Fill from 26AS or AIS or from excel.
- In TDS/TCS Details Income Heads will be selected as per section in TDS Details.
Advance Tax¶
Advance Tax
- If assessee is liable to pay advance tax, the installment entered in advance tax table will automatically calculate shortfall of installment if any and interest u/s 234C.
- Details of Advance Tax Paid can be imported from AIS
- Accurate Advance Tax Liability in case of Capital Gain acoording to quarter in which gain arises.
Self Assessment Tax¶
Self Assessment Tax
- Self Assessment Tax details can be imported from AIS
- e-Payment of Self Assessment Tax Challan 280 as per liability in Tax Details
- If Self Assessment Tax paid before the determination of income is entered then Interest u/s 234B details will be consider for correct interest calculation
Interest u/s 234A , 234B & 234C¶
Interest u/s 234A , 234B & 234C
- Calculates the Interest u/s 234A, 234B, and 234C. TaxPro does the calculation of interest assuming the current system date to be the date of filing the return.
- Date of filing can be change manually for correct date as on filing date.
- If user not satisfied with Interest Calculated then can edit manually as per own working
- Detailed working of Interest u/s 234B Calculation.
Adding Notes to Statement of Income¶
Adding Notes to Statement of Income
- You can add your Notes or Remark that can be appear in bottom of Statement of Income
Statement of Income¶
Statement of Income
- Details of Statement of Tax Computation with Assessee Information
- Details of Tax
- Reporting of Relief
- Reporting of Agriculture Income and Tax
- Reporting of MAT / AMT
- Reporting of TDS/TCS
- Reporting of Interest
Auto Selection of ITR as per Income Head¶
Auto Selection of ITR as per Income Head
- Return ITR-1 to ITR-7 will be auto selected as per Income Present in different heads.
