Interested to Buy Any Domain ? << Click Here >> for more details...
plz tell me calculation of service tax and tds. point by point
- 2 Answers
- 6601 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
i want about TDS full details with Limit,Rate and Entry in Tally ?
What items come under deferred tax liability?
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
What are the procedures for remitting WCT?
Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?
Who advance tax is the asset for company? What are the accounting entries of advance income tax
what is central excise tax
Type of form use in sales Tax
how to calculate and submit to the concerned authority of pf,esi,pt. explaine?
when charges PURCHASE @ 12 % TAX RATE ?
How do you plan to achieve these goals?
Cenvat credit transaction journal entries. And what does the term reversal of credit means
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
