How will calculated the net amount in tax add like
total net amount = LT+ST+CESS+amount
2500 = 10%+12.5%+5.15%+amount?
kindly please explain what type of formula we apply in software?
Tushar
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Answer Posted / Puneet Rastogi
To calculate the total net amount, you can use a simple addition formula. The formula you provided is as follows: total_net_amount = LT + ST + CESS + amount. This formula adds the Local Tax (LT), State Tax (ST), Central Sales Tax/Service Tax (CESS), and the given amount to find the total net amount. You can implement this formula in various programming languages, such as C#, Python, Java, etc., depending on your preference.
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