Question

How much percent of education cess is applicable on amount of income tax?


(A)Nil

(B)1%

©2%

(D)3%​

Answer 1

Answer:

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. So, totally, the rate of education cess is 3 percent of the amount of tax.

Answer 2

Answer:

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Step-by-step explanation:

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. So, totally, the rate of education cess is 3 percent of the amount of tax.