Political Science, asked by Starz1672, 11 months ago

How to calculate education cess on tds?

Answers

Answered by AbhisekPatro

Explanation:

Tax is calculated as per the current slab rate of individual resident for calculation of TDS on salary u/s 192 = Rs 1,42,500. Education and higher education Cess of 4% on the income tax = Rs 5,700. Therefore, the net tax payable = Rs 1,48,200

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