Health and Education Cess Rates under Income Tax (FY 2020-21/ AY 2021-22)

Aggregate amount of Income tax and Surcharge (if applicable) is further subjected to 4% additional tax called ‘Health and Education Cess’, in respect of FY 2020-21/ Ay 2021-22.

In other words, taxpayers are required to pay 4% Health and Education Cess on the aggregate amount of Income Tax and Surcharge (if applicable) for FY 2020-21/ AY 2021-22.

It may be noted that the new cess named  as “Health and Education Cess” @ 4% has been levied from FY 2018-19/ AY 2019-20 in lieu of “Education Cess” @ 2% and “Secondary and Higher Education Cess” @ 1% which was being levied upto FY 2017-18/ AY 2018-19.

Related Posts:

Income Tax Slabs/ Rates:Income Tax Cess, Surcharge & Rebate
Resident IndividualsEducation Cess Rates
NRIs/ HUFs/ AOP/ BOI/ AJPSurcharge Rates
Partnership Firms and LLPsMarginal Relief from Surcharge
Domestic CompaniesRebate u/s 87A for Individuals
Foreign Companies 
Co-operative Societies 
Local Authorities 

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