Taxable service


This query is : Resolved 

17 August 2015 Sir We run a coaching centre our income/collection from student's fee is as below; AY 2012-13 = Rs. 9,80,000/- AY 2013-14 =Rs. 10,50,000/- AY 2014-15 =Rs. 14,20,000/- Please calculate the ST payable amount for the 3 financial year, and also please teach us the calculation formula. Our expected income for AY 2015-16 may be around 12,00,000/- or 13,00,000/-. Waiting for your kind expert advice. Your's HrishiUsha

17 August 2015 AY 2012-13 service tax payable NIL.
AY 2013-14 service tax payable 12.36% on 50,000.
Ay 2014-15 service tax payable 12.36% on 14,20,000.
Ay 2015-16 service tax 12.36% payable up to 31-05-2015 from 1st June 2015 it is 14%.


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