4% before Nov11, and 5% after on Nov11.
It is 2 % only as cst is central govt tax
One percent against ''c'' form.
As of my last update, the VAT (Value Added Tax) rate in Punjab, India, is generally set at 5% for most goods. However, specific rates may vary depending on the type of goods and services. It is advisable to check the latest updates from the Punjab government or the State Tax Department for the most accurate and current information, as tax rates can change.
federal tax rate on modified endowment contracts
I just got a contract for a wedding block for a hotel and it says 17%.
How to calculate vat interest 1%
A contract for carrying out any work which includes assembling, construction, building, altering, manufacturing, processing, fabricating, erection, installation, fitting out, improvement, repair or commissioning of any movable or immovable property. Where the works contract is in the nature of a taxable SERVICE, service tax will be liable on the value of such contract. Where goods are transferred and form integral part of the execution of such contract, VAT would be liable on such value of contract. However composite scheme is available for payment of taxes on works contract since they contain elements of both service tax and VAT. Composite tax of 4% can be paid to do away with the ST and VAT liabilities where no CENVAT credit will be allowed to be claimed.
hfk x
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
The progressive tax rate is one where the tax rate increases as the taxable rate, or income, is increasing.
You can use a tax formula to help with this. There are some of these forms available online through sites like TurboTax and HRBlock.
Is Professional Tax is applicable for the Unit in Durgapur, West Bengal having Head Office in Punjab