how much Secondary And Higher Education cess in all is payable on the taxable income of 8500
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Answered by
59
here it's your ans
hope it's help u.......
hope it's help u.......
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nituupadhyay77:
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Answered by
20
Hey dear,
◆ Education cess-
Education cess is an additional tax levied on the basic tax liability.
◆ Current status-
At present, Indian government is applying total 3 % education cess.
This includes 2 % primary education cess and 1 % additional higher & secondary education cess.
◆ Numerical -
For tax of Rs.8500, education cess is -
Education cess = 8500 × 3 / 100
Education cess = 255 Rs
Out of this-
General education cess = 170 Rs
Secondary education cess = 85 Rs
Hope it helps...
◆ Education cess-
Education cess is an additional tax levied on the basic tax liability.
◆ Current status-
At present, Indian government is applying total 3 % education cess.
This includes 2 % primary education cess and 1 % additional higher & secondary education cess.
◆ Numerical -
For tax of Rs.8500, education cess is -
Education cess = 8500 × 3 / 100
Education cess = 255 Rs
Out of this-
General education cess = 170 Rs
Secondary education cess = 85 Rs
Hope it helps...
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