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INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2013

INCOME TAXES

Schedule of provision (credit) for income tax

		For the year ended			For the year ended			For the year ended
		February 28,			February 29,			February 28,
		2011			2012			2013
Current
- PRC income tax expenses		$	3,232,563		$	4,452,076		$	4,708,274
Deferred
- PRC income tax expenses		(604,473		)	(295,626		)	(607,182		)
Total		$	2,628,090		$	4,156,450		$	4,101,092

Schedule of significant components of the deferred tax assets and liabilities

		As of			As of
		February 29,			February 28,
		2012			2013
Current deferred tax assets:
Accrued payroll		$	1,730,992		$	2,229,548
Unrealized loss on available-for-sale securities		108,167			100,934
Less: valuation allowance		(109,401		)	(70,036		)
Current deferred tax assets, net		1,729,758			2,260,446
Non-current deferred tax assets:
Property and equipment		197,248			262,039
Intangible assets		317,169			286,756
Tax losses carry-forward deferred tax assets		727,105			504,853
Less: valuation allowance		(751,300		)	(515,184		)
Non-current deferred tax assets, net		490,222			538,464
Non-current deferred tax liabilities:
Intangible assets		45,881			36,845
Accrued ADR income		110,613			62,100
Non-current deferred tax liabilities		$	156,494		$	98,945

Schedule of reconciliation between the provision for income taxes computed by applying the PRC EIT rates of 25% to income before income taxes and the actual provision for income tax

		For the year ended			For the year ended			For the year ended
		February 28,			February 29,			February 28,
		2011			2012			2013
Net income before provision for income tax		$	27,003,635		$	28,470,103		$	37,541,158
PRC statutory tax rate		25		%	25		%	25		%
Income tax at statutory tax rate		6,750,909			7,117,526			9,385,290
Expenses not deductible		428,150			586,348			357,334
Effect of income tax exemptions		(6,001,819		)	(4,752,840		)	(7,070,722		)
Effect of income tax rate difference in other jurisdictions		1,523,418			670,220			1,704,671
Change in valuation allowance		(72,568		)	535,196			(275,481		)
Provision for income tax		$	2,628,090		$	4,156,450		$	4,101,092

Schedule of the increase in income tax expenses and net income per share amounts if Xueersi Education, Yidu Huida and TAL Beijing were not in a tax holiday period

		For the year ended			For the year ended			For the year ended
		February 28,			February 29,			February 28,
		2011			2012			2013
Increase in income tax expenses		$	6,001,819		$	4,752,840		$	7,070,722
Net income per common share-basic		$	0.14		$	0.13		$	0.17
Net income per common share-diluted		$	0.13		$	0.13		$	0.17

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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-Publisher FASB

-Name Accounting Standards Codification

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Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits.

+ References

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-Name Accounting Standards Codification

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-SubTopic 10

-Section S99

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