Pls. clarify this calculation " serivice tax % is 12.36%" (A). when v split this " service tax is 12%, PE cess is 2% and HE cess is 1%. How this 12.36% = 12% + 2%+ 1%.
thanks
Gangadhara (Accountant) (44 Points)
02 March 2009Pls. clarify this calculation " serivice tax % is 12.36%" (A). when v split this " service tax is 12%, PE cess is 2% and HE cess is 1%. How this 12.36% = 12% + 2%+ 1%.
thanks
SIDDHARTHA SANKAR ROY
(Government Servant -MOF)
(868 Points)
Replied 02 March 2009
E.Cess & HSEC are calculted on the amount of service tax payable and not on taxable value. There fore S.T+E.C+HSEC= 12%+ (12%) x(2%)+12%x(1%) = 12.36%
rohit bajaj
(student)
(22 Points)
Replied 03 March 2009
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