about calculation of surcharge
This query is : Resolved
14 March 2008
One of my friend calculated tax payable.
i want to ask education cess should be calculated on net tax payable + surcharge or only on tax payable.
i want to ask education cess should be calculated on net tax payable + surcharge or only on tax payable.
14 March 2008
tax payable
14 March 2008
TAX PAYABLE
14 March 2008
actually education cess is calculated on net tax payable i.e if surcharge is there include surcharge in net tax payable & calculate education cess
or otherwise calculte education cess only on tax payable
In both the above mentioned cases, the surcharge & education cess is calculated only after deducting advance tax
if TDS is there we should not do as i above mentioned for advance tax.
or otherwise calculte education cess only on tax payable
In both the above mentioned cases, the surcharge & education cess is calculated only after deducting advance tax
if TDS is there we should not do as i above mentioned for advance tax.
14 March 2008
BASIC EDU. CESS AND HR.EDU.CESS TOTAL OF 3% IS CALCULATED ON NET TAX PAYABLE AFTER ADDING SURCHARGE (IF APPLICABLE) TO THE TAX AND AFTER DEDUCTING TAXES ALREADY PAID.
R.V.RAO
R.V.RAO
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