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Tuesday 4 August 2015

Info Post
As per request received from some readers I have made some modifications to the older version of PLI/RPLI Counter Assistant Tool Version 1.0

Download


What's New?

A new option for configuring ST rates is also included with the new version of PLI/RPLI Counter Assistant Tool.You can update ST rates yourself when the Govt change the ST rates from time to time.Mail me if you have any problem while installing or using the application.Mail id is given below on the bottom of this page.

How to Install this application ?

First download the setup from the link given below


  • Open your download folder and Run CounterAssistantTool.exe as administrator
  • To run as admin. Right mouse click on CounterAssistantTool.exe and select 'Run as administrator' from the options. Screen shot is given below.
  • Installation wizard will appear.Follow the instructions. After finishing Installation
  • Go to Local Disk C and open the folder Counter Assistant Tool. There you can find the application.
  • Right mouse click on the application (Counter Assistant Tool). And send to desktop as shown as below.


If you have faced problems while installing or running, I suggest to use the old Version of Counter Assistant Tool. Click here to download the old version of Counter Assistant Tool. Its very simple to use. 

How to use this tool ?

  1. Formula for calculating Rebate, ST and Default fee is the same for RPLI and PLI.
  2. Enter single premium amount in the field for Premium Amount.Enter total number of Installments in case of Calculating ST.Enter number of advance installments or number of defaulted installments in case of calculating Rebate or Default Fee respectively. 
For calculating ST:-
First enter the premium amount and then enter number of installments. Check the Date of acceptance in premium receipt book to know whether it is FYP (First Year Premium) or Renewal premium.Then click on "Calculate ST on First year premium" or "Calculate ST on Renewal Premium".The result will pop up. You just have to enter it in the field for ST in POS module.ST on FYP is 3.50% and ST on Renewal Premium is 1.75% w.e.f 01.6.2015.

Configure ST Rates:

Governement may change the rate of Service Tax on PLI and RPLI from time to time.You do not have to download this application every time they change the ST Rates.There is an option provided for configuring ST Rates.

For calculating Rebate:-

First enter the premium amount and enter the number of advance installments in "Number of installments". Then click on " Calculate Rebate".The result will pop up. You just have to enter it in the field for Rebate in POS Module.

For calculating Default Fee:-

First enter the premium amount and enter the number of Defaulted installments in "Number of installments". Then click on " Calculate Default Fee".The result will pop up. You just have to enter it in the field for Default Fee in POS Module.


Developed by
Sooraj KS
PA, Chalakudi HPO
Irinjalakuda Division
Kerala Circle
PIN 680307

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