Answer Posted / harsh vardhan

applicable on Whom service which is recomed by Indian
govement under the rule of service Tax, Every business who
is cover in those service it is lible to pay service tax
directly or indirectly. culation of service tax is teqnical
issue . we take easy to count like.

If expenses
Bill amount 1000
S.Tax 100
E.cess 03

if income , Including profit
Bill amount 1500
S.Tax 150
E.cess 4.5

as on above , Service tax libilities

Service tax head ( 150-100 ) = 100
E.cess ( 4.50-3 ) = 1.50

as per above calculation , we will calculate service tax
monthly basis and deposit the same on date as per govt rule
( 5 of every month ) return of every six month

Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

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