Education Cess

Education cess:- 2% Higher Education cess:-1% Total:-3% on sum of( IT & SURCHARGE)

The additional cess of 1% is applicable for the Assessment Year 2008-09 and accordingly the TDS Rates need to be reworked considering the Secondary and Higher Education Cess of 1% Secondary and Higher Education Cess on Income Tax TDS, Service Tax etc shall be effected from 11-05-2007. Total Cess hereafter shall be 3% Consequently effective rate of service tax shall be 12.36% from 11-05-2007

effective date of application of SHEC is 11/05/2007