Question

The estimated tax on the income of Shrimati Hinduja is rupees 8000 how much education cess has she to pay at 3%

Answer 1

Answer:

Shrimati Hinduja has to pay Rs. 240 as education cess on estimated income tax of Rs. 8000/-

Step-by-step explanation:

Given values :

Estimated tax on the income of Shrimati Hinduja is Rs. 8000

Education cess rate= 3%

Education cess on income tax = estimated income tax multiplied by education cess rate

i.e. education cess= 8000x3%

=8000x3/100

=80x3

=240

Therefore, Shrimati Hinduja has to pay Rs. 240 as education cess on estimated income tax of Rs. 8000/-