Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

If any bill amount is inclusive of service Tax? How to
calculate?

Answer Posted / soumya hegde

Total amount Is 500000
12% Tax Amount Is= 500000/12.36*12 = 4,85,437.00
2% Tax Amount Is = 4,85,437*2/100 = 9709.00
1% Tax Amount Is = 4,85,437 *1/100 = 48540..

Is This Answer Correct ?    6 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please tell me the process of generation of TDS in Tally ERP-9 with an Example

2967


Which income is considered as accrued income?

1055


#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY

2001


We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??

2138


how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..

1931


how to caluclate the central exicse duty? how to implemting in to tally ERP9?

2042


Define FBT with example & how it can be calculate ?

1603


Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.

1638


how to pass service tax reverse charge entry pass in books

3446


Need of Bank Reconciliation to a company

2198


What is the difference between Indian and us taxation

2669


How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?

2574


How to working service tax in excel sheet?

2378


I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

5896


If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?

3304