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| *The Commerce Journal>>>India Taxes |
How do i calculate service tax on an amount of 95,000. If i raise an invoice for 95000 is it 12.36 into 95000? |
How do i calculate service tax on an amount of 95,000. If i raise an invoice for 95000 is it 12.36 into 95000? yes, it is 12.36% on 95,000 which works out to 1,06,742. That means, your client has to shell out 11,742 extra for your services, towards service tax. Of course, there are people who absorb this in their quotation, in the sense, say, they quote an all inclusive 1,00,000, which means the net return will be: yes your assumption is correct |
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