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Vat Calculation Formula (India)

Vat Calculation in India (Vat Calculator)


Amount Excluding Vat Tax = ( 100 * MRP ( With Vat ) ) / ( 100 + vat(%))


For Example
MRP RATE = 104
that price has included vat 4%.
Amount Excluding Vat Tax = ( 100 * 104) / ( 100 + 4 )
that will give Amount Excluding Vat Tax = 100 Rs.
Vat Amount=MRP RATE – Amount Excluding Vat Tax
Vat Amount= 104-100
Vat Amount =4 Rs.
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Comments

  1. AnonymousSeptember 12, 2011 at 12:40 PM

    Rakesh :thanks very much,help me to calculate vat% in my .net application.

    ReplyDelete

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