Calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 Hello please help me in simple calculation issue :-

I have received an amount of Rs. 5,51,000/-
tell me formula to calculate other things?

Bill amount ………………… (?)
Service tax (10.3%) + ………………… (?)
Total Invoice Value = ………………… (?)
Less TDS 10 % ………………… (?)

Amount Received after - 5,51,000/-
10% TDS Deduction

Thanks

CA Sanat Pyne

CA Sanat Pyne (Expert)
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27 December 2010 bill amount --555052/-
service tax -57170/-
total invoice value - 612222/-
tds- 61222/-
net payment - 551000/-

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Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 Thanks for your early reply. Could you tell me how to calculate these amounts from net payment amount Rs.551000/-. Thanks and waiting for your reply.

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CA Sanat Pyne

CA Sanat Pyne (Expert)
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27 December 2010 TOTAL INVOICE VALUE = 551000/.90=612222/-
BILL AMOUNT = 612222/1.103= 555052/-

LET BILL AMOUNT = 1
SERVICE TAX ON 1 = .103
TOTAL BILL = 1.103
TDS ON 1.103 = .1103
NET AMOUNT = .9927

NOW .9927=551000
1(BILL AMOUNT)=551000/.9927= 555052/-

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 Thanks you so much for resolving my query.