What is the present rate of service tax?
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Answer:
The present rate of Service tax is 12% on the gross amount of services bill. Besides, as Education Cess need to be levied and collected for deposit in treasury, @ 2% on the amount of Service Tax.
bala at Yahoo! Answers Visit the source
Other answers
It is 12.36%
mony_sta
service tax rate is 12% on this 2% education and 1% higher education cess. service tax 12% education cess .24% Higher education cess .12% 12% + .24%+.12% =12.36% show the calculations separately while calculating service tax.
Manju Y
At present, the rate of Service Tax in India is 10.2%, including a 2% education cess. Get more info on Service tax system of India.
Noone
12.36 % including education cess
delta
12.36%
bala
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