If the total tax is 22975/- (92B) then how to know that how much is tax and how much is educetion cess?
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
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
Consulting & Beyond
Chennai
CA
S.K.Bajpai & Co.
Noida
B.Com
Interactive Media Pvt Ltd.
New Delhi
CA Inter
A P Lodha and Associates
Jalna
J S P M & Associates LLP
Pune
Aditya Muley and Co
Mumbai
S.B.G. & CO. CHARTERED ACCOUNTANTS
Abic and Mani Chartered Accountants
Kottayam
India's largest network for finance professionals
Alternatively, you can log in using: