I am government contractor. after paying GST on contract value how much I have to pay for income tax.
eg . say tender cost is 10 lacs and after paying 12% or 18% on 10 lacs then how much I have to pay income tax
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Tax payment
Replies (6)
Income tax will be assessed over net income as per your slab rate...... It is 20% for 5-10 lakhs slab.
sir,
5-10 lacs is the turnover slab or the profit.because in this contract my profit will be 5-10% only
5-10 lacs is the turnover slab or the profit.because in this contract my profit will be 5-10% only
sir,
5-10 lacs is the turnover slab or the profit ?
because in this contract my profit will be 5-10% only
5-10 lacs is the turnover slab or the profit ?
because in this contract my profit will be 5-10% only
It will be over net profit........ should be around 6-8%......
ok sir ..thank you
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