How education cess is calculated on income tax?
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Explanation:
Education cess rate is calculated at a rate which is basically a mix of two different kinds of cess that is charged on the taxable income. While the rate for education cess is 2 percent of the payable tax, the Secondary and Higher Education cess is 1 percent of the tax amount.
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0
Explanation:
The rate at which education cess is calculated is actually a combination of the two types of cess applied on the taxable income. For the education cess the rate is 2% of the tax payable and for the Secondary and Higher Education Cess the rate is 1% of the tax payable.
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