Service Tax Calculator

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Service Tax Calculator

• Powered By www.taxqueries.in

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Contents

• Service Calculator India
• Online Service Tax Calculator
• Service Tax
• Steps to use Service Calculator
• Service Tax Rate in India

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Service Tax Calculator India

• Service tax is levied at a fixed rate. This rate
  is applied on the gross value of taxable services
  and the result is called output service tax.
• We are providing this Online Service Tax
  Calculator India to get the exact Service Tax on
  service offered by the Service Providers in
  India.
• Calculate Service Tax amount in India with this
  latest Service Tax Interest Calculator. 

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Online Service Tax Calculator

• Service Tax Online Calculator is to evaluate the
  tax from the net or gross price of a service. The
  Service tax is collected from the consumer, and
  the same should be paid to the central
  government. 
• Any business which is liable to pay service tax
  may use Service Tax Online calculator to
  determine the exact ST tax by supplying the
  inputs of the net or gross amount and applicable
  tax percentage. 
• The calculation of Service tax is easy to
  understand.

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• The amount of Service tax that can be levied is
  calculated as a percentage of the charges
  received or paid for the provision or receipt of
  services in India. 15 Service tax is levied on
  the value of taxable services. 
• The Government of India has levied service tax on
  almost all the services barring a few services. 
• The service charges in your Statement of Accounts
  are inclusive of Service Tax of 12 and Education
  Cess of 2 and Higher Secondary Education Cess of
  1 on Service Tax.

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Service Tax

• Service Tax is an indirect tax wherein the
  service provider collects the tax on services
  from service receiver and pays the same to the
  government of India. 
• Service tax in India is a tax levied by Central
  Government on services provided. 
•  The service tax has been enforced on all
  services in India.
• This Tax is a destination based consumption tax
  leviable in services provided within the country.

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Steps to use Service Tax Calculator

• Enter Amount in the First Field in rupees. (If
  enter Amount does not include any  taxes).
• Select Service Tax Calculator as per the
  Financial Year, i.e., 14 for including Education
  Cess.
• And also enter Swachh Bharat Cess as 0.5 in the
  Service Tax Calculator Swachh Bharat Cess field.
• Enter Krishi Kalyan Cess of 0.5 in the Krishi
  Kalyan Cess field.
• Click on Calculate.
• Here you can get the Gross value and 14 of
  Service Tax and 0.5 of Swachh Bharat Cess and
  0.5 of Krishi Kalyan Cess amount in the
  respective fields.
• And You can check the Gross Charge and  Total
  Service Tax Rate 15 

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Example for Calculation of Service Tax

• The Gross value of services provided is Rs.
  15,000/-.
• Service Tax is 14 (Includes Education Cess of
  3).
• Swachh Bharat Cess is 0.5 of the total Gross
  value.
• Krishi Kalyan Cess is .05 of the total Gross
  value.
• Service Tax Calculation while Amount includes
  Taxes, Check out the Formula for Calculation of
  Service Tax includes taxes in India. Check out
  the service tax calculation formula here.
• Gross Amount (Gross Value Amount include
  Taxes100)/(100Service Tax Rate)
• Gross Amount Rs. 15000100/(10015)  Rs.
  13043.478
• Service Tax rate 15
• Service Tax (ST) Rs. 13043.478 14  Rs.
  1826.08/-
• Swachh Bharat Cess Gross Amount 0.5 Rs.
  13043.478 0.5  Rs. 65.22/-
• Krishi Kalyan Cess Gross Amount0.5 Rs.
  13043.478 0.5 Rs. 65.22/-
• Adding these up, the total tax is Rs. 1956/-.
• The total Service Tax rate is Rs. 13043.478 Rs.
  1826.08 Rs. 65.22Rs. 65.22 Rs. 15,000/-.

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Service Tax Interest Calculator

• Swachh Bharat Cess is a Cess, which shall be
  levied and collected under the provisions of
  Chapter VI of the Finance Act, 2015, as service
  tax on all the taxable services _at_ 0.5 of the
  value of taxable service.
•  Krishi Kalyan Cess is to be Charged and
  collected as Service Tax on all taxable services
  at the rate of 0.5 on the value of services. 
• Education Cess is collected to provide Children
  with the mid-day meals, To increase salaries to
  the staff of the School so that they can
  contribute effective subject to the children. 

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Service Tax Rate in India

• Service Tax rate is essential for Service Tax
  Calculator. Let us check the Service Tax Rate in
  India here.

S.no Description Service Tax Rate
1. Service Tax Basic 14
2. Swachh Bharat Cess with effect from 15th November 2015 0.5
3. Krishi Kalyan Cess with effect from 1st June 2016.  0.5
Total Service Tax Rate Total Service Tax Rate 15
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