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edu cess wealth tax

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

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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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

CA. Sahendra Jaiswar

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

CA CS Ravi Mehata

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

CA Ravi Sisodia

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

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