Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningA 4% levy on income tax plus surcharge.
Relevant ActFinance Act (annual)
Section / rulePart I, First Schedule
Technical meaning
A cess at 4% on income tax including surcharge, levied by the Finance Act.
Practical example
Tax of Rs 1,00,000 becomes Rs 1,04,000 with cess.
Related terms
Official reference
Finance Act (annual), Part I, First Schedule
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