IPC-38

Case-2

Case-1
Pure Work
Variations

Gross Amount for

payment (taxable)
Recovery on account of R/f
coating
Other Recovery
Advance recovery
TDS = 2%
Taxes (WCT, CESS) = 2.5%
Net Amount (after tax)

80,948,529.00 Pure Work

17,589,553.00 Variations
Recovery on account of
R/f coating
98,538,082.00

Gross Amount for

payment (taxable)

80,948,529.00

-168,632.00
98,369,450.00

Gross Amount for

payment (taxable)
Recovery on account of
R/f coating

-168,632.00
3,490,000.00 Other Recovery

3,490,000.00 Other Recovery

-11,436,186.00 Advance recovery

-11,436,186.00 Advance recovery

80,948,529.00
-168,632.00
3,490,000.00
-11,436,186.00

-1,742,037.92

-1,738,665.28

Taxes (WCT, CESS) =

2.5%
86,217,774.03 Net Amount (after tax)

Taxes (WCT, CESS) =

2.5%
86,225,362.47 Net Amount (after tax)
Variations
Net Amount receivable
86,225,362.47
after tax and Variations

69,419,750.92
17,589,553.00

86,217,773.00 Net Amount received

86,217,773.00

-2,463,452.05

Net Amount receivable

after tax and Variations

86,217,774.03

Net Amount received

86,217,773.00 Net Amount received

Difference

Case-3
80,948,529.00 Pure Work
17,589,553.00

Net Amount receivable

after tax and Variations

-1.03 Difference

-2,459,236.25

-7,589.47 Difference

-1,390,246.86
-2,023,713.23

87,009,303.92

-791,530.92