plz tell me calculation of service tax and tds. point by point
Answers were Sorted based on User's Feedback
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
Is This Answer Correct ? | 4 Yes | 1 No |
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/-
Is This Answer Correct ? | 2 Yes | 1 No |
When Selling a goods to a party Excise Duty chargable on VAT or not.
I want to know the Taxation entries manually like(TDS,VAT, Excise duty, Income tax, statutory payment entries)
How to calculate long term capital gain
What is the difference between vat scrutiny and vat assesement,what is required document for both.
who are liable to be registered under Vat Act
i want to leanr the TDS on Salaries and TDS rates
IN HOTEL NET SALE AMOUNT IS Rs.1000. on that service tax amount @12.36 is Rs.124 then my question is while caluculation of vat both net sales and service tax is to be taken or not
what is TDS i need clear explanation and how to file tds return
what is exice duty & what are the exicesable goods
wct rate & deposit date in all state
WHETHER CST REVENUE IS STATE OR CENTRAL IF STATE THEN FROM WHEN PLEASE GUIDE ME
We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.