GENERAL KNOWLEDGE

Detailed explanation-1: -50, 000/-or to the rates of income tax and surcharge payable on income tax. Instead an additional surcharge called “Education Cess” has been introduced with effect from 1st April 2004. This Cess is to be calculated at the rate of 2 per cent of the income tax inclusive of the existing surcharge.

Detailed explanation-2: -The Government of India levied a 2% education cess on all union taxes so that the revenue generated by the government from this provision could be spent on financing elementary education. Q. Which tax was imposed by the colonial government on the pastoralists? Q.