While depisiting advance income tax education cess is charged on that or not ?
While depositing advance income tax education cess charged?
VIJAY KUDTARKAR (ACCOUNTANT) (291 Points)
07 December 2012VIJAY KUDTARKAR (ACCOUNTANT) (291 Points)
07 December 2012While depisiting advance income tax education cess is charged on that or not ?
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 07 December 2012
Yes you shud consider E.cess on an estimated basis.
nayan
(article assistant)
(466 Points)
Replied 07 December 2012
apply simple logic. why wont it be charged????/
it will be charged in case of all tax payment whatever the name it is given.
CA. Kapil Goel, DISA(ICAI)
(cakapilgoel.wordpress.com)
(2191 Points)
Replied 07 December 2012
manoj
(student)
(5205 Points)
Replied 07 December 2012
YES DEAR BOTH CESS I.E. EDUCATION CESS @ 2% AND HIGHER EDUCATION CESS @ 1% OF TAX SHOULD BE CHARGED