What is secondary and higher education cess?
Answers
Explanation:
Secondary & Higher Education Cess
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This tiny amount can be an increase of a few percentages and is generally the education cess that is levied on the taxes. This tax is only levied on the tax that you have to pay and not on the income that is considered taxable.
Explanation:
Every time you pay taxesyou will notice that the total tax payable by tou tends to go up a tiny amountwhen it comes to the final payment. This tiny amountcan be increase of a few percentages and is generally the education cess. that is levied on the taxes. This taxes is only levied on the tax that you have to pay and not in the income that is considered taxable. The cess is levied in the two parts, the first being the Primary Education cess and the second being the Secondary and Higher Education cess. This cess is a part is the income tax and is governed by the IT ACT. The rate of the education cess is announced by the government when the budget is announced for the year.
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