Health and Education Cess Rates under Income Tax (FY 2018-19/ AY 2019-20)

Health and Education Cess Rates under Income Tax (FY 2018-19/ AY 2019-20)

Aggregate amount of Income tax and Surcharge is further subject to tax named as Health and Education Cess, i.e. Assessees are required to pay 4% Health and Education Cess on the aggregate amount of Income Tax and Surcharge (if applicable), for FY 2018-19/ AY 2019-20.

It may be noted that the new cess named  as “Health and Education Cess” @ 4% has been levied from FY 2018-19/ AY 2019-20 in lieu of “Education Cess” @ 2% and “Secondary and Higher Education Cess” @ 1% which was being levied upto FY 2017-18/ AY 2018-19.

Related Posts:

Income Tax Slabs/ Rates: Income Tax Cess, Surcharge & Rebate
Resident Individuals Education Cess Rates
NRIs/ HUFs/ AOP/ BOI/ AJP Surcharge Rates
Partnership Firms and LLPs Marginal Relief from Surcharge
Domestic Companies Rebate u/s 87A for Individuals
Foreign Companies  
Co-operative Societies  
Local Authorities  

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