Profit/(loss) as per books of accounts
Add:- Expenses not deductible under Income tax act
Income chargeable under Income tax act
Less:- Income not chargeable under Income tax act
Expense chargeable under Income tax act
Other adjustments, if any Estimated annual taxable income as per Income tax act.
Exclude items (such as capital gains, etc.) which are taxable at different tax rates Do not enter amounts here if the TDS is paid on or before the due date for filing return of income Enter DTA as positive amounts and DTL as negative amounts. 1.Land should not be depreciated.
2.Revaluation impact should be ignored. 1. Virtual certainity required for creation of deferred tax asset as required by AS 22.
2.Carry forward of losses subject to provisions of Income Tax In case of business head income, this section deals with the disallowance of certain expenses in the computation of taxable income if they have not been paid during the previous year but are paid before the due date of filing the tax return. In case of business head income, this section relates to the disallowance of deductions for certain statutory payments, such as employees' contributions to provident funds, if they are not paid on or before the due date of filing the tax return. In case of business head income, this section pertains to the disallowance of certain expenses, such as taxes, duties, and cess, if they have not been paid on or before the due date of filing the tax return. In case of business head income, this section deals with the disallowance of certain expenses, like any interest, bonus, commission, or royalty, if they have not been actually paid during the previous year but are paid before the due date of filing the tax return. In case of business head income, these sections relate to the disallowance of certain deductions for contributions to funds or schemes, such as employees' welfare funds or approved gratuity funds, if they have not been paid on or before the due date of filing the tax return. In case of business head income, this section allows for a deduction of a specific amount in respect of any sum paid by a banking company to the Rural Infrastructure Development Fund established by the National Bank for Agricultural and Rural Development. In case of business head income, this section provides for a deduction of certain expenditure incurred for obtaining rights to operate telecommunication services. In case of business head income, this section allows for a deduction of certain expenditure incurred for obtaining a license to operate telecommunication services. In case of business head income, this section relates to the amortization of certain preliminary expenses incurred before the commencement of a business or profession over a specified period. In case of business head income, this section deals with the disallowance of certain expenses, such as interest, commission, brokerage, rent, royalty, or professional fees, if they are payable to a resident and are not deducted or paid before the due date of filing the tax return. In case of business head income, this section pertains to the disallowance of certain expenses, such as salary, interest, commission, brokerage, rent, royalty, or professional fees, if they are payable to a resident but tax has not been deducted or, if deducted, not paid on or before the due date of filing the tax return. Section 115BAD is applicable to Resident Cooperative Societies and provides them with the benefit of a lower tax rate of 22% for any previous year relevant to the assessment year beginning on or after 1st April 2021, subject to certain conditions.
Deferred Tax Calculator


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Employee related
Fixed Assets
Statutory and other dues
Bad debts
Other Provision such as
Losses and depreciation
VRS, amalgamation, demerger and preliminary expenses
Expenses on which TDS not deducted/ paid
Any other expenses
Any other timing difference



Advisory: Information relates to the law prevailing in the year of publication/ as indicated. Viewers are advised to ascertain the correct position/prevailing law before relying upon any document.

Disclaimer: The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc.
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