Education cess increased from 3% to 4% as Health & Education cess from FY-2018-19. What will be its effect on Taxpayer's Tax liability?

Updated 6 Years Ago

This article contains the meaning of Cess & Surcharge, difference between cess & surcharge, Education cess & it's rate. Also, accoring to Budget 2018, existing 3% Education cess will be replace by a 4% 'Health & Education Cess'. So, how it will effect on taxpayer's tax liability, is also discussed here.