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How to calculate the Service Tax

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(Querist)
25 March 2008 Resepted Sir,

I am working in Private Co. I want to Know how to Caculate Basic Rate & Service Tax

Qty. 296707.76*.37 = 109781.87
2% on Amount = 2195.64
Total = 111978.00

I want to know the what will be bill amount Rate & What will be Service Tax Rate. This total inculded service Tax.

Please help me.

Thanks

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Jitender

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Jitender (Expert)
25 March 2008 amount on which service tax is to be charged= 111978*100/112.36

& then calculate service tax @ 12.36 % on the above derived amount.
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n. bhaskar sarma

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n. bhaskar sarma (Querist)
26 March 2008 Thanks JitenderJi for helping out.


Regards

Bhaskar
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