Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
9th September 2017:Daily News Analysis
sir what is the differenc b/w cess n taxes...???
Jatin Verma
2 years ago
Tax on tax is cess.
A
Aravinth
2 years ago
????????
Chaitanya kaskar
2 years ago
For example, the education cess of 3% on personal income tax of 30% is imposed as a tax on the prevailing 30%. As a result, the total tax rate goes up to 30.9% (30% basic rate + 3% (cess) of the 30%).
SATYAM SAXENA
2 years ago
sir why is cess required ? I mean why isn't it included in the original tax? Why is it specifically needed or explicitly required to be mentioned?
Rahul Anand
2 years ago
sir, additon of tax and cess does not make an sense example 28%gst and 15 % cess on car, then overall(total) tax will be less than than 43%. this representation is misguiding. thank you
Rahul Anand
2 years ago
example 43% tax on rs 100,100+43=143 but 28%tax and 15%cess on rs 100,will make up sa,100+28+4.2=132.2
Chaitanya kaskar
2 years ago
Governments love to rely on cesses because they are an easy way to raise tax revenue. Unlike taxes, cesses can be introduced, modified and removed any time without much trouble. As long as the government has a specific reason for imposing a cess, all that it has to do is to put out a notification to this effect. However, even a small modification in a tax rate has to be followed by accompanying amendments in the tax rules and regulations.