How to calculate basic price, whether excise duty is 14.42, cess 2%,education tax 1%
- 2 Answers
- 4334 Views
- I also Faced
- E-Mail Answers
Answer Posted / jaya sankar kumar
Excise duty applies as per ur product applicable rate may be 10 or 12 or 6 depends
Education cess @ 2%
Secondary & Higher Education Cess @ 1%
Education cess & Secondary & Higher Education Cess will be charged on Excise duty amount.
For Eg if u r in 10% excise rate
if u produced Rs. 10000 value goods
ur Excise 10000*10% = 1000
Secondary & Higher Education Cess = 1000*1% = 10
Education cess = 1000*2% = 20
Product value = 10000+1000+10+20 = 11030
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent
How can a taxpayer get a refund for an overpayment of taxes?
explain the special provisions for computing profit and gains of retail business
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
What is Form 12A & Form-H and where is applicable.
IF MATERIAL TRFD. TO OTHER STATE BRANCH AS STOCK TRFD. IN FEBRUARY AND MATERIAL IS RECEIVED BY BRANCH IN THE M/O MARCH. THAN SHOULD WE ISUE A SEPARATE F FORM FOR THE M/O FEBRUARY AND MARCH
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?
In our bodyshop wct tax is 13.05% on the whole Labour charges( including opening fitting ,repairing ,painting. Is this justified?
how many form used in sales tax return from begining to ending?
can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax
