How to calculate pf, esi, vat, sales tax etc.,
Answer Posted / snehal pawar
PF calculation: On Basic salary + D.A.it is calculate 12%
from that 8.33% for pension & 3.67% for PF
ESI calculation: 1.75 is applicable on regular gross
salary.4.75% employs payable
Is applicable only for those employees
whose gross salary is up to 10000 p.m.
VAT calculation: VAT percentage is 1, 4, 12.5%, 20%. It is a
tax which is charged on the basic value of the product by
the seller from the buyer and the same is remitted to the
Sales Tax Department.
Sales tax calculation: Sales tax differs from state to
state, and sometimes from item to item. But the process of
calculating sales tax remains the same.
Add sales tax amount to the original
price to find the final cost. In this example, add $39.20
plus $700 to find the total cost equals $739.20.
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