Need A Financial Product › Forums › Tax Savings › What is an educational cess and surcharge?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 12, 2014 at 4:41 pm #47356
    samkapoor77
    Keymaster

    What is an educational cess and surcharge?

    September 16, 2014 at 6:50 am #47357
    samkapoor77
    Keymaster

    An educational cess is the amount deducted for the purpose of using it for the education of poor people in India. All taxes are applicable to educational cess in India. This is around 3 percent of the total tax payable. Basically the educational cess is applicable on Income tax, excise duty and service tax. Whereas surcharge is an extra tax or fees that is added to an individual’s taxation account in case there if the income crosses the level.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.