about calculation of surcharge

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This query is : Resolved

rita (Querist)

14 March 2008 One of my friend calculated tax payable.
i want to ask education cess should be calculated on net tax payable + surcharge or only on tax payable.

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)

14 March 2008 tax payable

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)

14 March 2008 TAX PAYABLE

Gayathri Devi

Gayathri Devi (Expert)

14 March 2008 actually education cess is calculated on net tax payable i.e if surcharge is there include surcharge in net tax payable & calculate education cess

or otherwise calculte education cess only on tax payable

In both the above mentioned cases, the surcharge & education cess is calculated only after deducting advance tax

if TDS is there we should not do as i above mentioned for advance tax.

R.V.RAO

R.V.RAO (Expert)

14 March 2008 BASIC EDU. CESS AND HR.EDU.CESS TOTAL OF 3% IS CALCULATED ON NET TAX PAYABLE AFTER ADDING SURCHARGE (IF APPLICABLE) TO THE TAX AND AFTER DEDUCTING TAXES ALREADY PAID.
R.V.RAO

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