Q.32
Company Law Medium Knowledge-Based
Bare Act Income Tax Act, 1961 · Finance Act provisions

Health and education cess is applicable to-

All assesses Answer
B All assesses except company
C Individual/HUF
D Company only
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Explanation & Strategy

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Health and Education Cess at 4% is applicable to the total income tax and surcharge payable. It replaced the earlier 3% cess (2% education + 1% higher education). The cess funds health and education initiatives and applies to all taxpayers regardless of income level.

At a Glance
Subject Company Law
Difficulty Medium
Act Income Tax Act, 1961
Section Finance Act provisions
Answer (A) Knowledge-Based
Paper AIBE XVI — October 2021
Progress in Paper
Q.32 100 questions

32% through paper

📖 Open Book — Reading Mode Income Tax Act, 1961