HOW TO Calculate BASE VALUE

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M.Com
10 Points Posted on 14 February 2024
Dear Sir,

I Know the tax value but I don't know assesable value and total value.

how could I find base value based on tax value


thanks
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On 14 February 2024 at 18:25 Report
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Quick Summary
This discussion explains how to determine the base value of a property when you only know the tax value and the tax rate. The formula provided is: (Tax Value / Tax Rate) * 100. For example, if the tax value is Rs. 180 and the tax rate is 18%, the base value is calculated as (180 / 18) * 100 = Rs. 1000.

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Chartered Accountant
86505 Points Posted on 14 February 2024
Tax Value/Tax Rate*100
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On 14 February 2024 at 21:02
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463 Points Posted on 15 February 2024

For Instance: 

Rs.180/- is tax value & tax rate is 18% = ?

RS.180÷18 X 100 = Rs.1000/-

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On 15 February 2024 at 07:16
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Profession
28271 Points Posted on 15 February 2024
Back calculation
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On 15 February 2024 at 16:07

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