Question

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 net education cess she has to pay is Rs 240

Step-by-step explanation:

We know that education cess is applied as a percentage on total estimated tax.

Given ,

Total tax = 8000 rs

Education cess = 3% of the total tax

Hence education cess,

= 3/100 x 8000

= Rs 240

Hence Shreemati Hinduja has to pay a education cess of Rs 240.

Answer 2

Rs. 240

Step-by-step explanation:

Given,  

The estimated tax on income of Shreemati Hinduja is Rs. 8,000/-

The rate of education cess on income tax= 3%  

We know that amount of education cess  

= income tax of Hinduja x 3/100

= 8000x3/100

= 80x3= 240  

Shreemati Hinduja has to pay Rs. 240 as education cess.