Question

the rate of education cess in calculation of income tax is_____​

Answer 1

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Answer 2

Answer:

The rate at which education cess is calculated is actually a combination of the two types of cess applied on the taxable income. For the education cess the rate is 2% of the tax payable and for the Secondary and Higher Education Cess the rate is 1% of the tax payable.So, totally, the rate of education cess is 3 percent of the amount of tax.