Question
Health and Education Cess is leviable at โ
Solution
Health and Education Cess is levied at the rate of 4% on the amount of income-tax plus surcharge.
More Taxation Related Questions
- A registered dealer sells goods worth โน5,00,000 with GST @18%. He has input tax credit (ITC) of โน70,000. What is his net GST payable in cash?
- A dealer supplies goods worth โน1 lakh within state and charges GST. Which taxes will apply, and who will collect them?
- A registered dealer purchased inputs worth โน1 lakh + GST @18% and sold goods for โน1.5 lakh + GST @18%. What is the net GST payable?
- When is a prospectus called a Red-herring prospectus?
- Deduction under Section 80C is available up to:
- The threshold limit for tax audit for business entities under section 44AB has been proposed to change to how much amount for those assessees, where amount...
- Mr. A (age 45) has income from business โน8,00,000 and capital gains (LTCG) โน1,50,000. What is his tax liability? (Assume no deductions)
- Section 80D provides a deduction for:
- Taxable person means a person who isย
- Which section of the Income Tax Act, 1961 deals with the income from "Salaries"?