Multiple choice

Education cess in India is not applicable on

  1. income tax

  2. service tax

  3. excise duty

  4. gift tax

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

It is not applicable on gift tax. The education cess is not to be paid on gift tax payable. The gift tax is to be paid on the gift received from another person, if it exceeds a certain limit.