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Service Tax Code

Former Member
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Hi Experts

How to create formula for Service Tax for the given example?

Service amount - 1000

Qualifying Service amount - 250 (Service amount 1000*25%)

Service Tax - 30.90 (250*12.36%)

Kindly help in creating a formula.

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
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Hello,

You can try this one:

BaseAmt= Total*0.25

TaxAmt=BaseAmt*Rate

Thanks,

Joseph

Former Member
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Dear Pravinkumar

You  can deduction on full amt @ 3.09% Service Tax

Regd,

Chetan