Income tax

If the total tax is 22975/- (92B) then how to know that how much is tax and how much is educetion cess?

Replies (7)

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

if 22,975/- is the total tax than education cess is 670/- only.

 

22975*100/103 = income tax

agree with both of them !!

Thanks Ritu!!!!!!!!!!

agreed

 

cheers

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....................

 

Tax                           Cess

10.3                            0.3

22975                         ?

                                                          =22975*0.3/10.3

                                                          =669

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