Abolition Education Cess

Hi Deepak,

Finance act 2009 has not announced any date for abolition of EC or SHEC. So its not gonna happen.,.,!!! Sorry!!

both ed cess & Sec & higher ed cess has not been removed at all. Both are liable now & to be continued. It is only the surcharge that has been removed w.e.f. F.Y. 2009-10

Education cess and Secendory and Higher Education cess or not abolished. What has been with drawn is surcharge which will come in to effect for assessment year 2010-2011. With the bill for universal educaion being passed and the primary education being made compulsory there is a likely hood of  the cess being continued if not enhaned.

N. Siva Prasad

Education cess has not been abolished ,its true but as far i  know form 1.10.2009 while deducting tax at source one must not charge 3% on TDS rate.its flat 1%,2%,10%,20% whichever is applicable.but surcharge has been abolished.

Only surcharge on pesrsonal income tax abolished from A.Y 2010-2011, Education cess will continue. Surcharge still applicable on companies and firm if their income exceeds Rs.1 crore.

Education cess and secondary & higher education cess need not be charged while deducting tax for payments made during the FY 2009-10 to domestic companies and resident persons except for salary payments. PL GO THROUGH PROVISO TO SUB CLAUSE 11 AND 12 OF CLAUSE 2 IN CHAPTER II OF THE FINANCE(No 2) BILL,2009

ya this is confirm that education cess and secondary and higher education cess has not been abolished and surcharge has been abolished.

yes, gayatri masiwal is right,education cess and secondary and higher education cess has not been abolished and surcharge has been abolished.

yes, gayatri masiwal is right,education cess and secondary and higher education cess has not been abolished and surcharge has been abolished.

yes, gayatri masiwal is right,education cess and secondary and higher education cess has not been abolished and surcharge has been abolished.

anybody knows in which head service tax is credited in pvt ltd company