Education cess on tax

This query is : Resolved

Pradeep (Querist)
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16 March 2012 Dear Experts,

No Change in the Education Cess i.e 3% on Income Tax, is it right? & What is the basic exemption for women citizens & senior.

About Service Tax rate increased from 10 to 12% & what about exemption limit presently 10lcas continues & what about Education cess on Service Tax .

kindly answer this quirey.

thank you all.

Ajay Mishra

Ajay Mishra (Expert)
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16 March 2012 Hi

For more details go to the following link:

http://www.simpletaxindia.net/2011/12/income-tax-rates-2011-12-exemption.html

http://www.moneylife.in/article/budget-2012-cars-jewellery-to-cost-more-while-led-mobile-tyres-to-become-cheaper/24297.html

Guest

Guest (Expert)

16 March 2012 1. Cess will remain at 3%.
2. If no changes in budget then the provisions will remain unchanged.

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