If one gets Rs 12 Lacs annually as a fee against Scientific & Technical Consultancy. He has to pay Service tax @ 10.3% on 12 Lac and he pays Income Tax also on 12 Lacs @ 30%. Please inform if I am correct
WELL WELL That really means that for scientific & technical consultancy this person gets 12 lacs in a year and Our Govt takes about 45% as tax (service tax and income tax).
Isn't it a little TOO much ?
CAclubindia
