2007-04-20 00:09:37 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ India
You missed to convey your question suitably. Above answerer also mixed it with Income Tax, Professional Tax and State Government.
I am answering what I could make out from your question.
Certain professional expenses attracts service tax and an education cess is charged currently @ 2% on the amount of Service Tax. This Education Cess is proposed to be raised to 3% - but it is still a proposal and not yet made applicable. Therefore, the education cess as on this day is @ 2% only. The higher rate, if made applicable, would be notified by the Service Tax Department of the Central Government suitably.
2007-04-20 01:14:13 · answer #1 · answered by helpaneed 7 · 1⤊ 0⤋
Yes. Any body who provides any service or doing any business or profession atr paying income tax as well as professional tax. It is a state government imposed tax to their residents.
2007-04-20 07:24:13 · answer #2 · answered by drkchandra123 2 · 0⤊ 0⤋