banner_ad

about calculation of surcharge

This query is : Resolved 

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.

14 March 2008 tax payable

14 March 2008 TAX PAYABLE

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.

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details