Education cess & Secondary and Higher EC introduction?

 

Friends,

Which was the first assessment year in which "Education cess" was levied on tax payable(under IT ACT 1961) on individuals. ? 

And Which was the first assessment year in which "Secondary  and Higher Education cess" was levied on tax payable (under IT act 1961) on individuals. ?

 

Replies (3)

Education Cess - Finance Act, 2004

Secondary  and Higher Education cess : -Finance Act, 2007

Which means EC is leviable from AY 2005-06 and SHEC from AY  2008-09. Am i right??

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