education cess is income tax?

no, education cess in not part of income tax but it is calculated on net income tax liability.

Dear My Friend,

Education Cess is Not a Income Tax Though Payable as Per Finance Act.

Even Though It is Mentioned in Finance Act 2006 as Additional Surcharge.

The Same Can't Be Disallowed Under Section 40aii.

Education Cess is levied on Income Tax Not on Profit or Gains.

It is A Separate Levy as Separate Rows & Columns are Provided in Challan too.

From Mine Side, Education Cess is Allowable Expenditure.

& This Can't Be Disallowed.

Then what about Surcharge? Is that allowable?

No Surcharge is Not Allowable Expenditure. as it find place in first schedule (282 ITR 14 at page 67)

Education Cess is Not Income Tax But Surcharge is Income Tax.

Thank u Ayush........

Thanksx