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Commerce · Q595

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 595

Q595

Under the Income Tax Act, 1961 the education cess of (2% + 1%) is calculated on the amount of:

A.
Income Tax
B.
Income Tax Plus surcharge (if any)
Answer
C.
Gross Total Income
D.
Taxable Income

Answer: Option B

Solution

Answer: Option B
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