The base rate is the minimum amount of earnings that the employee is to receive. The employee may earn additional money by working overtime or by earning incentive bonuses. The amount of money that the employee earns when she works overtime does not increase her base pay amount.
In case of Reverse Charge mechanism the service receiver is either required to pay the whole amount of service tax or part of the amount of service tax.Say for example in case of works contract the service recipient is required to pay 50% of the amount of service tax.n case abatement is applicable then the service tax is not payable on the whole amount of bill. Say for example in case of GTA (goods Transport Agency) the taxable rate is 25% (i.e 75% abatement is allowed).
For homes worth more than $125,000, the lender is allowed to charge 2% on the first $200,000 and 1% on the value of the home above $200,000, for a maximum of $6,000. Again, thereâs a lot of information to digest here, so letâs consider a reverse mortgage example or two. 1. Home Valued at $100,000. Since the home value is less than or equal to $125,000, the lender can charge any amount up to $2,500. The fee is not based on a percentage of the homeâs value.