Service tax & income tax on consultancy

Discussion in 'Notifications' started by diya, Jan 15, 2014.

  1. diya

    diya Member

    If one gets Rs 12 Lacs annually as a fee against Scientific & Technical Consultancy. He has to pay Service tax @ 10.3% on 12 Lac and he pays Income Tax also on 12 Lacs @ 30%. Please inform if I am correct WELL WELL That really means that for scientific & technical consultancy this person gets 12 lacs in a year and Our Govt takes about 45% as tax (service tax and income tax).

Share This Page