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The phrase "basis for calculating" is correct and usable in written English.
It can be used when discussing the foundation or criteria used to perform a calculation.
Example: "The basis for calculating the total cost includes materials, labor, and overhead expenses."
Alternatives: "foundation for computation" or "criteria for assessment."
Exact(54)
The earnings in these years then become the basis for calculating disability.
Easton's mill rate, the basis for calculating taxes, is now 21, versus 17.1 for Fairfield.
Yet the national poverty threshold remains the basis for calculating most aid here.
Statistical mechanics provides a microscopic basis for calculating the equilibrium and nonequilibrium properties of matter.
It is worth noting that the basis for calculating a superior voting share's votes does matter.
The cadastral value is the basis for calculating the registration tax, levied when a property changes hands.
His tax liability could also fall now small businesses can use annual accounts as the basis for calculating tax.
The basis for calculating the minimum acceptable return on incremental sales appears as Equation (4) in the Appendix.
There is now a cap on the amount of earnings that can be used as the basis for calculating benefits.
Similar(2)
In his budget last month, Osborne switched the basis for calculating increases in public sector pensions to cover inflation from the retail prices index (RPI) to the consumer price index (CPI).
This standard curve was used as the basis for calculating/calibrating relative abundance values in the remaining samples.
More suggestions(17)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com