E.cess under section 92B?

This query is : Resolved

Naveen Ahlawat (Querist)
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13 September 2010 R/Sir/Mam,

I want to know that there is any applicability of education cess on salary income for the financial year 2010-2011.Please clear it to me asap.

Warm Regards,
Naveen Kumar

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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13 September 2010 Yes... there is no change in the taxation rules under 192 B.

Its applicable as per the slab of the employee.

Naveen Ahlawat

Naveen Ahlawat (Querist)
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13 September 2010 R/Sir,

Education cess is as per slabs? i think education cess is made on all taxable income?

Please clear it to me in detail.

Regards,
Naveen Kumar

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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13 September 2010 Simple..... Education cess is applicable on all payees under 192B.

Slab is only for base tax rate.

Naveen Ahlawat

Naveen Ahlawat (Querist)
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13 September 2010 Thanks for the quick reply sir...

Regards
Naveen Kumar