Answer / bhavani bv

Service tax is 10.3% you have to calculate on your basic
amount

Example if you are raising invoice to customer
Basic value (sales value) 10,000/-
service tax is 10.3% 1030/-
Total invoice value is 11,030/-

Service tax basic is 10% and cess is 3%

Next TDS.

Hi,

Tax deducted at source means tax payable to government for
the service recieved from your vendor, you will deduct on
behalf of your vendor and make payment to government no his
companies name at the end of the year you will give your
vendor FORM 16A which will contain the acknoweldgement
reciept number with the detail of amount paid.

Then to calculate tds it depends up on the service recieved
if it is contractor 2%, Profeesional fee 10%, Rent 10%.
Salary as per slab ,First you have to catageorie under
which the expenses will fall then the tds rate is
applicable.

TDS form No to remit the company tds is ITNS 281 it has to
be remited every month before 7th.

I hope this will make you feel clear

You can download tds rate chat from websites and use it

Answer / skh

Gross Amount 10000/-
service tax= 10000*10%= 1000/-
secondary tax= 1000*2%= 20/-
education cess= 1000*1%= 10/-

total service tax= 1000+20+10= Rs 1030/-

What is the WCT? Why deduct the WCT the client.?

3 Answers  

---

Hi..My Question is related to TDS Claim. I have got the TDS certificate for F.Y 2009-10.TDS amount is 2200.00 Looking in 26AS( F.Y 09-10 ) I can not see any credit of 2200.00. This credit is available in 26AS of F.Y 2010-11. What shall I do avail credit of same in F.Y 09-10.

2 Answers  

---

Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana

0 Answers  

---

we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us. 

0 Answers  

---

is there any specific percentage related to lower tax deduction under tds

0 Answers  

---

---

what is the rate of vat?tell me the detail of items which are mentioned in Vat Chart.

3 Answers  

---

The value on which entry tax is payable is called?

2 Answers  

---

Difference between provision & reserve with an example?

3 Answers   IHG InterContinental Hotels Group, Mount Kenya University, OPI Global,

---

please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales

0 Answers  

---

sub: salary tds 1) will financial year and assessment year apply for salary tds. ie if my employer is deducting tax then will it be for the last year or current year. 2) in case of assessment year,( example 1st april 2009 to 31 march 2010), why it is given as one year does it mean that the total year is meant for assessing and then when shall we pay the tax or file the returns??? 3) in case of assessment year 1st april 2007 to 31 march 2009, when should i stop assessing and start deducting the tax and when should i pay it to it dept

1 Answers   GIC,

---

hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?

0 Answers  

---

What is the difference beteen service tax & Excise Duty ?

1 Answers  

---