Calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 Hello please help me in simple calculation issue :-

I have received an amount of Rs. 5,51,000/-
tell me formula to calculate other things?

Bill amount ………………… (?)
Service tax (10.3%) + ………………… (?)
Total Invoice Value = ………………… (?)
Less TDS 10 % ………………… (?)

Amount Received after - 5,51,000/-
10% TDS Deduction

Thanks

CA Sanat Pyne

CA Sanat Pyne (Expert)
Follow

27 December 2010 bill amount --555052/-
service tax -57170/-
total invoice value - 612222/-
tds- 61222/-
net payment - 551000/-

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 Thanks for your early reply. Could you tell me how to calculate these amounts from net payment amount Rs.551000/-. Thanks and waiting for your reply.

CA Sanat Pyne

CA Sanat Pyne (Expert)
Follow

27 December 2010 TOTAL INVOICE VALUE = 551000/.90=612222/-
BILL AMOUNT = 612222/1.103= 555052/-

LET BILL AMOUNT = 1
SERVICE TAX ON 1 = .103
TOTAL BILL = 1.103
TDS ON 1.103 = .1103
NET AMOUNT = .9927

NOW .9927=551000
1(BILL AMOUNT)=551000/.9927= 555052/-

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 Thanks you so much for resolving my query.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anant Kuber

Aayesha mulani

Vishal Kapadiya

Rakesh Maner

THUSHAR MURALI KRISHNA

Subscribe Now

Calculation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

CA Final

GST CONSULTANT

Accountant

Senior execiutive

GST CONSULTANCY