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Q.

How to calculate service tax, interest ?
on 12% or on educational cess also 2% + 1% (Serive TAx 12% + 3% cess) or Service tax 12% + no Cess)

Asked by rajaraman iyer, 01 Aug '08 04:55 pm
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1.

First calculate service tax @ 12%. then calculate ed. cess 2% & Sr,. Ed. Cess 1 % of the service tax. the service tax plus education cess + secondary & higher education cess thus works out to 12.36%.
Answered by Gulshan Ajmani, 01 Aug '08 04:58 pm

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2.

How to calculate service tax, interest ?
Answered by umesh, 20 Sep '08 06:42 pm

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3.

Multiply the outcome by 1.12 if education cess is 2% multilply by 0.02....
For example:
If bill is of rs 100 then total amount after service tax and education cess will be....
100*1.12 = 112
100*1.02 = 2
so total is 112+ 2 = 114
Answered by hitesh mohta, 01 Aug '08 04:59 pm

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