Saral Tax computes

 
  • Salary income on annual/monthly basis

 

  • Gross annual value of house property

 

  • Deemed profits u/s 44AD, 44AE and 44AF

 

  • Depreciation, additional depreciation and capital gain on depreciable assets

 

  • Capital gains of assets including shares

 

  • Interest on NSC with automatic posting u/s 80L and 88

 

  • Deductions u/s 80D, 80G, 80GG and 80L

 

  • Rebates U/s 88, 88B, 88C, 88D and 88E

 

  • 234A, 234B Interest with floating date option

 

  • 234C interest considering the date of capital gains and date of winnings

 

  • Set-off of brought forward losses.

 

  • Carry forward of Losses.

 

  • Allowable remuneration of partners

 

  • Minimum alternative tax