Showing posts with label Education Cess. Show all posts
Showing posts with label Education Cess. Show all posts

Wednesday, 9 December 2015

Analysis of education cess and higher education cess at 3%




On Dated 15 November 2015 I collected some of the data from the website of INCOME TAX https://incometaxindiaefiling.gov.in/ and then I created my own figures(this has nothing to do with INCOME TAX DATA) with the help of collected data and analyzed on my own that for fin-year 2014-15 (till 31 October 2015) approx 82763.58 Crores of rupees has been collected through EDUCATION & HIGHER EDUCATION CESS(This data is only based on taxpayers who filed the return through E-FILING)


The calculation is attached as an annexure but before moving there here are few points.

1.       The progress of a country directly relates with the progress of its citizens. Education is the base of progress of each person. To progress correctly, the person should get sufficient education. To make a person more educated, there must be sufficient schools and sufficient facilities in those schools.