04-03-2010, 10:27 PM
Is this the Salary payment or payment against the services rendered?
<b><u>In case of Salary</b></u>
- The tax rate should be change,i.e. not 6%.
<u><b>In case of Services</b></u>
- If you are provided the inovice against the services or there is a contract in both cases, your case 2 is right. Means the March invoice should be 450,000 (including arrears) then the tax will be charge on whole amount i.e. 27,000/-. and for the April and onword this will be 21,000/- (350,000 x 6%).
- Jan Tax 18,000/-
- Feb Tax 18,000/-
- Mar Tax 27,000/-
- Apr Tax 21,000/-
- May Tax 21,000/-
- Jun Tax 21,000/-
<b> TOTAL 126,000/-</b>
<b><u>In case of Salary</b></u>
- The tax rate should be change,i.e. not 6%.
<u><b>In case of Services</b></u>
- If you are provided the inovice against the services or there is a contract in both cases, your case 2 is right. Means the March invoice should be 450,000 (including arrears) then the tax will be charge on whole amount i.e. 27,000/-. and for the April and onword this will be 21,000/- (350,000 x 6%).
- Jan Tax 18,000/-
- Feb Tax 18,000/-
- Mar Tax 27,000/-
- Apr Tax 21,000/-
- May Tax 21,000/-
- Jun Tax 21,000/-
<b> TOTAL 126,000/-</b>
