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what is meaning of education cess?and y is it levied?

Answers were Sorted based on User's Feedback



what is meaning of education cess?and y is it levied?..

Answer / shanmuka rao goru

Education cess means levied on Tax payable + Surchare .

It will used by Central Government for Education in India.

Is This Answer Correct ?    164 Yes 30 No

what is meaning of education cess?and y is it levied?..

Answer / shailesh agarwal

it is charged by central govt. for the purposes of promoting education in the country(India). @3% on respective incomes of firms/local authorities/cooperative society/ etc.. after charging respective taxes & surcharges.

Is This Answer Correct ?    87 Yes 21 No

what is meaning of education cess?and y is it levied?..

Answer / basavaraj

Education Cess is Charged on Basic Excise Duty @ 2% by
Central Govt for Education Purpose in India.

Is This Answer Correct ?    62 Yes 20 No

what is meaning of education cess?and y is it levied?..

Answer / suman

It is governed by central government @ 2% for educational
purpose in India.

Is This Answer Correct ?    47 Yes 13 No

what is meaning of education cess?and y is it levied?..

Answer / anonymous

It is another means to raise funds by government &
politicians, so that they can go for pleasure trips by
taxing innocent public like me & rest.

Is This Answer Correct ?    28 Yes 8 No

what is meaning of education cess?and y is it levied?..

Answer / satendra lawaniya

Itis charged by central govt. for the purposes of promoting
education in the country(India). @3% on respective incomes
of firms/local authorities/cooperative society/ etc.. after
charging respective taxes

Is This Answer Correct ?    14 Yes 2 No

what is meaning of education cess?and y is it levied?..

Answer / guggu shakku

Government needs free money. But they need some mechanism and Education cess is one such mechanism. There is no answer where the money is really going when government is encouraging private educational institutes.

Is This Answer Correct ?    1 Yes 0 No

what is meaning of education cess?and y is it levied?..

Answer / raja

Cess/tax issued for education

Is This Answer Correct ?    49 Yes 55 No

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