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Former Member
Mar 11, 2010 at 07:39 AM

Tax caluculation

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Dear Experts ,

I want to preapre tax calculation for the following A/R

Chassis Value for 4 Nos. 5327683.48

Chassis Value for 1 No. 1331920.87

Qty Body Rate Body Value Value(Rs.)

1 324156.00 324156 324156.00

Asseble Value 1688882

Excise Duty @8% 135110.56 based on asseble value i.e.1688882*8%

E.Cess @2% 2702.21

HECess @1% 1351.11

Total 139163.88

Less cenvat credit 116553.67 ' this is based on chassis value i.e.1331920.87 *8% + 10000

Automobile Cess 1664.90 ' this is based on chassis value i.e. 1331920.87*0.125%

Less E.Cess @2% 2364.37 ' this is based on less cenvat cr.+automobile cess *2%

Less H&S @1% 1182.19

120100.23

19063.65

Sub Total 343219.65

Add CST @2% 6864.39

Grand Total 350084.04

Please guide how can I do that