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edu cess wealth tax

This query is : Resolved 

is education cess & SHEC payable on wealth tax/is it payable only on inc tax


Tax rate is 1% on amount by which ˜taxable net wealth" exceeds Rs 15 lakhs. No surcharge or education cess is payable

No Welath tax does not come within the perview of Education cess.

no education cess on w tax but shailesh sir limit is now 30 lakhs.

No surcharge or education cess is payable on welth tax.


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