Types of cess? Expand cess on tax? Define cess in india? Full formate of CESS? What is edeucation cess? ... Answers.com > Wiki Answers > Categories > Business and Finance > Business > Business Accounting and Bookkeeping > Accounts Payable > What is cess on tax?
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India Tax Laws Tax System in India ... The tax in India on an individual's income is progressive. For the financial year 2008-2009, an individual's income is taxed progressively at 10% - 30%. A 10% surcharge is imposed on the tax, subject to legally specified limits and an education tax (CESS) of 3%.
www.worldwide-tax.com/india/india_tax.asp www.worldwide-tax.com/india/india_tax.asp
Taxes Question: What Does Cess Mean? In this day and age cess is just another word for tax, but it remains a little distinct from tax. It has had several other meanings over the years and has had different ... In this day and age cess is just another word for tax, but it remains a little distinct from tax. It has had...
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 It shall be taxable services in addition to the existing tax (i.e. S.T. presently 10%, Education Cess 2% of 10% = 0.1; total S.T. = 10.2%) ... Education cess on taxable services is imposed under section 91 read with section 95 of the Finance (No.2) Act, 2004. The cess would be 2% of the service tax levied and collected.
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Mr. Chandy said the UDF would oppose the 1 per cent cess as it would have an effect on the prices. Besides, the Finance Minister had failed to make any allocation for market intervention to curb prices.
www.hindu.com/2008/03/07/stories/2008030753730400.htm
Mumbai, June 12: The Maharashtra government is exploring the possibility of introducing an electricity cess replacing the current arrangement of electricity duty and electricity tax, a move that could help mop up around Rs 1,000 crore annually.
www.expressindia.com/fe/daily/20000613/fex13076.html
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