Service tax percentage

434 views 3 replies

Hi Everyone

I was doing a job till a month ago.

Recently I have provided some research service to a management consulting firm. I haven't estalished the business legally nor I am planning to do so in the near future. They will be writing the cheque on my name.

Do I have to charge the service in the invoice? If yes, how much is the percentage? Assuming that my I want to recieve Rs. 100 as the net amount, which all components should I include in the invoice. Will the client deduct any TDS while writing the cheque?

Fee: Rs. 100

Service Tax: ??

Any Other Component: ??

TDS: ??

Net Amount Received (Target Rs. 100):??

Thanks

Vikas

 

 

 

 

 

Replies (3)

for 100/- there is neither service tax, nor the TDS provisions apply

Dear Mr. Sharma 

 

Thanks for you reply. Rs. 100 was taken for the ease of calculation. Instead of Rs.100 please used Rs. 10000

upto 30000/- no TDS applicable u/s 194J

upto 10 Lacs no service tax

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