If the total tax is 22975/- (92B) then how to know that how much is tax and how much is educetion cess?
Amod Ranjan (Service) (356 Points)
10 August 2011If the total tax is 22975/- (92B) then how to know that how much is tax and how much is educetion cess?
Ritu Sedwal
(Chartered Accountant)
(407 Points)
Replied 10 August 2011
Divide 22975 by 103 multiply by 100
Ans. will be (22975/103)*100
=22305 is the income tax
and balance (22975-22305)=670 is the EC and SHC
Dheeraj
(Learner)
(1100 Points)
Replied 10 August 2011
if 22,975/- is the total tax than education cess is 670/- only.
22975*100/103 = income tax
vipin narayanan
(student)
(39 Points)
Replied 10 August 2011
22975*100/103=22305.82=22306=income tax
22975*3/103=669.17= 669=EC & SHC
OR
FIND ANY ONE ANS AND DEDUCT IT FRM THE TOTAL TAX....................
CA Rashaad Meer
(...)
(129 Points)
Replied 11 August 2011
Tax Cess
10.3 0.3
22975 ?
=22975*0.3/10.3
=669
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