Sentences with phrase «education cess»

The phrase "education cess" refers to an additional tax or levy imposed by the government on certain goods and services to fund education initiatives. It is a way to collect extra funds specifically for improving the quality of education in the country. The money collected through education cess is utilized for activities like building schools, providing scholarships, training teachers, and enhancing educational infrastructure. Full definition
In addition with the surcharge being paid, 1 % extra secondary and higher education cess is charged on the income tax amount.
* Tax benefit is calculated assuming tax rate of 30 % as increased by Health and Education Cess of 4 % on the investment made in ELSS of Rs. 1,50,000 in a financial year.
In addition with the surcharged being paid, 2 % extra education cess is charged on the income tax amount.
3Tax savings of INR 46,350 is calculated at the highest tax slab rate of 30 % plus education cess on premium payment of INR 1,50,000 p.a. u / s 80C of the Income Tax Act, 1961.
Tax implication - The interest earned is subject to Tax Deducted at Source (TDS) of 30 % + surcharge + education cess
The service taxes and education cess fee shall be additionally charged as per the rates applicable.
In addition with the surcharged being paid, 2 % extra education cess is charges on the income tax amount.
This will be replaced with 4 % Health & Education Cess.)
GST and education cess will be charged extra as per the prevailing rates.
In addition to the slab rates given above, a surcharge of 15 % is charged on income where the total income exceeds Rs 1 Crore and 3 % education cess.
The Education Cess in current year's budget has been increased from existing 3 percent to 4 percent.
Furthermore, if we deduct the 1 % increase in the education cess that will be paid by the public, the increase seen in this year's education budget is a meagre percentage of 0.46 %.
Service tax and education cess will have to be borne by the Policyholder as per applicable rates.
Plus, an education cess of 2 % is levied on the entire tax as well as the surcharge sum.
There are Miscellaneous Charges in the form of service tax and education cess, which is applied on the notification from the government from time to time.
Service Tax All premiums and charges are subject to applicable taxes including service tax, education cess and secondary & higher education cess as applicable under the prevailing tax laws.
Education Cess & Secondary & Higher Education Cess on Income Tax Education Cess @ 2 % & Secondary & Higher Education cess @ 1 % will be payable on the amount of income tax.
The current rate of service tax is 10.30 % (10 % for service tax and 3 % education cess).
The current rate of service tax is 12.36 % (12 % for service tax and 3 % education cess) as on June 15, 2013.
* Total premium is exclusive of extra premium, rider premium and service tax & education cess, if any
In the unfortunate scenario of death of the life insured at any time during the policy term, the beneficiary would receive death sum assured, which would be the highest of Guaranteed Sum Assured on maturity (Maturity Sum Assured) *, 10 times of annualised premium (excluding service tax, education cess and extra underwriting premiums), 105 % of all premiums paid.
The service tax charge (including education cess and higher education cess) will be revised as and when notified by the Government.
The revision in charges as mentioned below (except service tax including education cess and higher education cess) will take place only after obtaining specific approval of the IRDA.
This is subject to a minimum of 105 % of all the premiums paid (excluding any extra mortality premium, service tax and education cess)
Service tax and education cess, as applicable, will be charged extra, as per the applicable rates.
This cess will be known as «Health and Education Cess».
The current rate of service tax on insurance premium is 12.36 % (12 % for service tax and 3 % education cess) as on June 15, 2013.
For the purpose of computation of Death Benefit, the premiums shall exclude any underwriting extra premiums, any loadings for modal premiums and any taxes paid such as service tax and education cess.
Service Tax, Education Cess and any other taxes announced by the Government or any other statutory body in future would be levied as per the applicable tax laws.This quote is valid only as long as the age remains the same or for a period of thirty days from the date of this quote, whichever is earlier.
Service tax, education cess and any other taxes announced by the government of any other statutory body in future would be levied as per the applicable tax laws.
• Service tax, Education cess and any other taxes announced by the Government or any other statutory body in future would be levied as per the applicable tax laws.
Service tax, Education cess and any other taxes announced by the government of any other statutory body in future would be levied as per the applicable tax laws.
All the rates are exclusive of services tax and education cess.
Service tax, Education cess and any other taxes announced by the government of any other statutory body would be levied as per the applicable tax laws.
The minimum premium for the product (10/15/20 Pay) is Rs. 8,500 p.a. excluding extra premium, modal extra, service tax and education cess.
The Surrender Value will be the Policy Account Value, less the market value adjustment (MVA) amount (if any), Unearned investment income and the surrender charges (if any) including Service Tax and education cess.
Service tax and education cess will be charged extra by redemption of units, as per applicable rates.
10 times of the annualised premium (excluding service tax, education cess and extra mortality charges)
Service tax and education cess is charged in extra, as applicable.
Note: Premium is exclusive of service tax and education cess.
Guaranteed annual payouts are paid every year from the 6 to 10 policy year and are expressed as a percent of annual premium (exclusive of service tax, education cess and mortality loading) depending on the age at entry.
10 times of annualised premium (excluding service tax, education cess and extra mortality charges)
GST and education cess will be charged extra as per the prevailing rates.
a b c d e f g h i j k l m n o p q r s t u v w x y z