Question

1.The estimated tax on the income of Shreemati Hinduja is Rs. 8000. How much education cess has she to pay at 3%

Answer 1

Answer:

The answer is Rs. 240

Step-by-step explanation:

The Education Cess ia a tax in India.

It is collected in order to help cover the costs of Government-Sponsored programs. It was levied in 2004.

A normal rate is 2% for Primary Education and 1% for Higher Education. So total Rate is 3%. It is calculated on Tax Payable.

It applies to all Indian citizens and corporations.

Shreemati Hinduja's Tax Payble = 8000

The Rate of Education CESS = 3%

She has to pay Education CESS = 8000(3%) = 8000(3/100) = Rs. 240

Answer 2

Answer:

rs 240

Step-by-step explanation:

Given the estimated tax on the income of Shreemati Hinduja is Rs. 8000. We  have to find the education cess  she has to pay at 3%

cess also implies tax.

Now on the income of Shreemati hinduja the estimated tax amounts to Rs 8000. It is given that she as to pay education cess at 3%

3% of 8000 is 3/100 x 8000 which will be equal to rupees 240. Education cess will be Rs 240