#ServiceTax :
Now it seems railways have charged everybody flat 30% of 12.36% of Fare Payable by single person:
Let us take example of 3A fare from Ahmedabad to Chennai in Superfast Navjeevan express:
For Normal Adult:1285 +30+25= 1340
Fare...
more... considered for Taxing: 1340
Rate of Service Tax:12.36% (12+0.72+0.36)
Rate of Service Tax on Railway Ticket 30% of Service Tax Rate/Amount
WORKING OF SERVICE TAX CHARGED:
1340x12.36% =Rs.165.624p
and 30% of ST=Rs.49.6872.
rounded off to nearest rupee=Rs.50...
Thus 1340+50=Rs.1390.00p
CONCESSION FARE FOR SENIOR CITIZEN:
Let us take example of 3A fare from Ahmedabad to Chennai in Superfast Navjeevan express:
For Normal Adult:1285 +30+25= 1340
Fare considered for Concession= 1285-60 (safety charges?)=1225.
Amount of Concession:40% of Fare 1225=490
Amount for Taxing=1285+30+25-490= 850
Rate of Service Tax:12.36% (12+0.72+0.36)
Rate of Service Tax on Railway Ticket 30% of Service Tax Rate/Amount
WORKING OF SERVICE TAX CHARGED:
850x12.36% =Rs.105.0600p
and 30% of ST=Rs.31.5180p
rounded off to nearest rupee=Rs.32.00p...
Thus 1340+ST Rs.32 -concession 490=Rs.882.00p
Here Railways gives concession on 1125 which seems Base Fare, but Charges Service Tax on 1285, which seems inclusive of Safety charges as well.
Thus in short Base fare plus all 'additional charges' are added and service tax of 12.36% is applied.
So thus concession to Female Senior Citizen @50% is to be worked out...
Hope now it is clear.
only 30% of the service tax is collected NOW.
Because next year: some Govt will increase it to 50%....