Calculation Base Value in the case of Including TDS & VAT

 

WE ASSUME TAX RATE IS 10% AND VAT RATE IS 15%.

Including TDS & VAT

If the invoice value of vendor is Tk. 5000 including VAT @ 15%, submitted for the payment to resident;

Then VAT would be = BDT (5,000 – 5,000 * 100/115)=BDT 652, Tax Deduction at Source (TDS) BDT(5,000 – 652) * 10% = BDT 4,348 @10% = 435

Here base value = BDT 4,348