Income Tax
Preparation and filing of returns, tax audit under section 44AB, advance tax, advisory, and representation before the income-tax authorities.
ReturnsTax AuditAssessmentsAdvisory
Jai Prakash & Co.
Chartered Accountants
Chartered Accountants Rourkela, Odisha Est. 2005
Audit & assurance, direct and indirect taxation, and corporate law — delivered for businesses and individuals with the rigour the work demands.
Free Tools
Free, browser-based utilities for tax, GST and compliance — organised by area. All results are indicative.
A crisp, graphical desk reference — rates, capital gains, compliance and the new Income-tax Act 2025, in one navigable handbook.
Tax under both regimes for FY 2025-26 — slabs, 87A rebate, surcharge with marginal relief and cess — with the cheaper one flagged.
Compare →The four-instalment schedule (15/45/75/100%) with Section 234C deferment interest and a 234B shortfall check.
Calculate →Late-filing (234A), advance-tax default (234B) and deferment (234C) interest, with Rule 119A rounding.
Calculate →The least-of-three exemption under Section 10(13A), metro / non-metro, with the taxable balance.
Calculate →15/26 formula under the Gratuity Act, the ₹20 lakh ceiling, and exempt vs taxable under Section 10(10).
Calculate →Income tax for Individual, HUF, Firm & Company — both regimes, surcharge, cess and capital gains, with the advance-tax schedule.
Open calculator →Visualise your in-hand salary for FY 2025-26 — gross to net, with each deduction and tax shown at a glance.
Calculate →Equity, property, unlisted and debt — post-23 July 2024 rates, the ₹1.25 lakh relief and the property indexation option.
Calculate →Add or remove GST, inclusive ↔ exclusive, with CGST / SGST / IGST split across every slab.
Calculate →Upload your purchase register and GSTR-2B — invoices matched supplier-wise, mismatches and missing ITC flagged. Runs in your browser.
Reconcile →Every payment type for Tax Year 2026-27 — rate, threshold, return code and new section. Search and filter.
Open reckoner →Section 234E late fee (₹200/day, capped) and 201(1A) interest on late deduction and deposit.
Calculate →Section 44AB / 44AD / 44ADA decision tree — turnover limits, the 5% cash test and the presumptive triggers.
Check →AOC-4, MGT-7, ADT-1, DPT-3 and DIR-3 KYC due dates with the ₹100/day additional fee for late filing.
Calculate →Income-tax depreciation on the block-of-assets WDV method, the 180-day half rule and closing WDV.
Calculate →Tax-audit & presumptive position plus banker-style ratios (current, DE, TOL/TNW, DSCR) from your figures.
Analyse →Enter an old section — e.g. 194C, 80C, 192 — and get the new Act equivalent. Full TDS/TCS mapping.
Find a section →At-a-glance transition guide to the new Act effective 1 April 2026.
Open guide →A light break with a finance twist — eleven quick games, from Tax Slab Runner to GST Slabs 2048. Beat your best, then climb the office leaderboard.
Play now →The full library — reckoners, the referencer and more, in one place.
Browse all →The Firm
Jai Prakash & Co. is a firm of Chartered Accountants based in Rourkela, Odisha, in practice since 2005. The firm renders professional services in the fields of accountancy, audit and assurance, taxation, and corporate law to private limited companies, limited liability partnerships, firms and individuals.
Our work is carried out in accordance with the Standards on Auditing, applicable Accounting Standards, and the provisions of the Income-tax Act, 1961, the Goods and Services Tax laws, and the Companies Act, 2013, read with the rules made thereunder.
The firm places emphasis on timely compliance, clear communication, and the maintenance of strict confidentiality in respect of every engagement entrusted to it.
Areas of Practice
The following are the areas in which the firm undertakes professional engagements.
Preparation and filing of returns, tax audit under section 44AB, advance tax, advisory, and representation before the income-tax authorities.
Registration, periodic returns, annual return and reconciliation statement (GSTR-9 / 9C), input tax credit review, and departmental representation.
Statutory audit, internal audit, tax audit and bank audit, including LFAR and reporting under the Companies (Auditor's Report) Order (CARO).
Incorporation of companies and LLPs, annual filings (AOC-4, MGT-7), event-based MCA compliances, and maintenance of statutory records.
Preparation of project reports, CMA data, and credit appraisal documentation, including techno-economic viability (TEV) studies for lending proposals.
Business valuation, due diligence, financial modelling, start-up advisory, book-keeping, and preparation of financial statements.
Returns & Filings
The firm undertakes the preparation and timely filing of periodic and annual returns across direct tax, GST, TDS, corporate law and labour laws. The principal returns and statements handled are set out below.
Preparation and e-filing of income-tax returns and related statements for every class of assessee.
Monthly, quarterly and annual GST returns, with reconciliation against the books of account.
Quarterly tax-deduction and collection statements, and the issue of TDS / TCS certificates.
Annual and event-based filings for companies and LLPs with the Registrar of Companies.
Periodic returns under labour and State laws, as applicable to the client.
Our People
Engagements are conducted under the responsibility of the firm's partners.
Founder Partner
Partner
Partner
Partner
Must Read
A few pieces worth your time — on tax, business and finance, written for general reading.
Direct Tax · 4 min
A 65-year-old law has stepped aside. What the new Income-tax Act, 2025 changes — and what it deliberately leaves alone. Read →
Business · 4 min
The least glamorous habit in business is also the one that compounds the hardest. Read →
Project Finance · 5 min
A loan proposal is a story about repayment — and lenders read for the plot. Read →
Contact
Office
1st Floor, S-26, Civil Township,
Rourkela, Odisha
Telephone
Please note
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