Question

How do I calculate nbt Ex: 269500 NBT Value is 5497.80 How did it came

Answer 1

269,500/98*2 = 5,500

Comments

if the NBT rate is 2% why calculated due amount by using 2/98 formula?

Answer 2

You have to consider the effective rate!

2.04

Eg: Your selling price = Rs.100

Calculating 2% NBT = 100/98 * 2 = 2.04081632652

Rounding this to two decimal will resulted in = 2.04%