service tax calculation


hiiiiiiiii

          I want to know when i receive commission after deducting tds  so how can know service tax incuding or   not. i mean suppose i receive  rs 5000 after deducting  tds so  which process following calculate of service tax

 

i)   5639*12.36%         ii)    5639*12.36/112.36

 
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(Guest)

Originally posted by :jaya
" hiiiiiiiii
          I want to know when i receive commission after deducting tds  so how can know service tax incuding or   not. i mean suppose i receive  rs 5000 after deducting  tds so  which process following calculate of service tax
 
i)   5639*12.36%         ii)    5639*12.36/112.36
"

Kindly Clarify TDS Rate also.  Also what I understand from your query -
 

You are a service provider and you have received say Rs. 5000 after deduction of TDS then you are liable to pay service tax @ 12.36% for Rs. 5000/-. Are this you are asking for or kindly explain?  

 
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Net Proceeds - Rs.5000

TDS on Commission - 10.30%

Gross Commission - 5000/(100%-10.30%) = Rs.5574

Service Tax = 5574/1.1236*.1236 = Rs.613/-

Direct Formula = 1/89.7%/1.1236*.1236 = 12.26%

Apply this on net proceeds directly (in case Tax deducted) = 5000 * 12.26% = Rs.613/-

Apply this rate in case tax not deducted = 1/1.1236*.1236 = 11% directly on net proceeds.

 

 
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Hi,

Please find service tax at glance

Manoj Dadhich



Attached File : 0 servicetaxatglance.xls downloaded 337 times
 
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hi

pls clarify service tax on rent , how can i caliculate  service tax on Rend amd TDS ,

 
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(Guest)

Dear All,

Service Tax Deducated @ 12.36% on the Amount Please kindly give short formula for this quries

thanks

vinay kumar singh

9910274408

 
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