Poonawalla fincorps
Poonawalla fincorps

Income tax

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(Querist)
24 September 2014 lot of confused regarding calculation of MAT,in computation format they have given cess@3%...but in MAT rates cess as 0.555%..soo please kindly suggest me how to calculate.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 September 2014 it is not .555...it is 3% of 18%.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 September 2014 nikhil is correct ..its 3% of 18.5%
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