What is the present rate of service tax?

@ 12.24% in INDIA

present rate is 12.24%

Basic Rate of Service Tax 12% Education Cess 2% of Basic S & H Edcuation Cess 1% 0f Basic Total Deduction comes to 12.36%

It works out to be 14.40 percentage, at present.

Normally, present rate of service tax is 12% and Education cess is 2% and higher education cess is 1%.Total it is 12.36%. it is to be noted that even tough 1% of higher education is coming into effect from the date the president gives assent but is retrospective effect from 1st of April 2007.

i don't have any idea

12 % + Education cess of 2 % on service tax.Thus effective rate is 12.24% Further, the Finance Bill 2007 has proposed 1 % SHE(Secondary & Higher Education ) Cess on service tax which will be in force with effect from the date of enactment of the Finance Act 2007 i.e. the day on which President of India will put his signature and rubber stamp on the Finance Bill; any day in May 2007

12% plus 3% education cess on the amount of servece tax if you are asking the rates in INDIA.please contact your C.A.for categorical rates.Because on Transporting charges it is calculated on a part of the charge and if you see the rates on Insurance premiums it is only on a part which covers insurance,the investment part is exempted.so to know the rates applicable on you,you must have to visit your tax consultant.