HOW IS SERVICE TAX CALCULATED?

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This is a tax recognized by the Relevant Tax Authority

Charged on services rendered to any given customer.

 

Calculation:-    Value of service or goods      xxx

 

Add % of Value of service                             x

 

Total value of service                                  xxx

 

for eg:

bill amount                            100000/-

india  tax rule as per –            12.36%

bill value is                            100000/-

(add) service tax                           12.36%

12360/-

total value is è 112360

112360 is value of bill.

 

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