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edu cess wealth tax

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(Querist)
01 September 2008 is education cess & SHEC payable on wealth tax/is it payable only on inc tax
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
01 September 2008 Tax rate is 1% on amount by which ˜taxable net wealth" exceeds Rs 15 lakhs. No surcharge or education cess is payable
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CA. Sahendra Jaiswar

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CA. Sahendra Jaiswar (Expert)
03 September 2008 No Welath tax does not come within the perview of Education cess.
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CA CS Ravi Mehata

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CA CS Ravi Mehata (Expert)
02 July 2010 no education cess on w tax but shailesh sir limit is now 30 lakhs.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
02 July 2010 No surcharge or education cess is payable on welth tax.
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