How much education fess is payable on the income tax of rupees 12,500?
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How much education fess is payable on the income tax of rupees 12,500?
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Answer:
Health and Education cess at rate of 4% will be added to the income tax payable in all cases. Rebate of Rs 12,500 is available for individuals having net taxable income of up to Rs 5 lakh under section 87A.
Education cess at rate of 4% will be added to the income tax payable in all cases. A Rebate of Rupees 12,500 is available for individuals having net taxable income .