31 December 2013
Please suggest if a person net tax able income is 2,25,000/- before claim exemption of Rs 2,00,000/- tax paid on Rs 25000/- @ 10% is 2500 plus Cess @3% is 75 on which amount tax refile U/S 87A is claim either from 2500/- or from 2575/- or cess calculate from 2500-2000 =500 @3% 15 my question is from which amount cess is calculate either 500 or 2500/-
31 December 2013
before chaarging edu and higer edu ces,,the concept is like same for slab as we apply first slab and then add edu and highere edu cess.
31 December 2013
before chaarging edu and higer edu ces,,the concept is like same for slab as we apply first slab and then add edu and highere edu cess.
31 December 2013
agreed with Tushar. Please refer the following link for official clarification http://www.incometaxindiapr.gov.in/incometaxindiacr/contents/forms2010/pamphets/Individual_HUF_2014_15.htm
so you would reduce 2000 from 2500 and apply cess at 3% on the remaining Rs 500.
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