How to calculate tcs?

Dheeraj (Accountant) (24 Points)

06 September 2011  

Dear all,

         I am puting here process for collect TCS:

Scrap                                       50000

Add: TCS 1%                             500

Sub total                                    50500

Add: VAT   4%                             2020

Total                                           52520

Is above right?

Please help me!!!