If the total tax is 22975/- (92B) then how to know that how much is tax and how much is educetion cess?
7 Replies
Ritu Sedwal
(Chartered Accountant)
(407 Points)
Replied 10 August 2011
Divide 22975 by 103 multiply by 100
Ans. will be (22975/103)*100
=22305 is the income tax
and balance (22975-22305)=670 is the EC and SHC
Dheeraj
(Learner)
(1100 Points)
Replied 10 August 2011
if 22,975/- is the total tax than education cess is 670/- only.
22975*100/103 = income tax
vipin narayanan
(student)
(39 Points)
Replied 10 August 2011
22975*100/103=22305.82=22306=income tax
22975*3/103=669.17= 669=EC & SHC
OR
FIND ANY ONE ANS AND DEDUCT IT FRM THE TOTAL TAX....................
CA Rashaad Meer
(...)
(129 Points)
Replied 11 August 2011
Tax Cess
10.3 0.3
22975 ?
=22975*0.3/10.3
=669
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