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what is meaning of education cess?and y is it levied?
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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 |
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 |
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 |
Answer / suman
It is governed by central government @ 2% for educational
purpose in India.
| Is This Answer Correct ? | 47 Yes | 13 No |
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 |
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 |
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 |
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Audit 
