edu cess wealth tax


(Querist)
01 September 2008
is education cess & SHEC payable on wealth tax/is it payable only on inc tax


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

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

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

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


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