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Calculate education cess on income tax Rs 12000 pls don't spam |
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Answer» Answer: The tax liability will be Rs 12,000. The total tax liability in the new tax REGIME comes out to be Rs 1,99,500 ( 0+12,500+25,000+37,500+ 50,000+62,500+12,000). Health and EDUCATION cess will be added to this at the RATE of 4 per CENT. The cess amount is Rs 7,980. |
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