Budget 2015: Jaitley proposes increase in service tax, education cess | Mint
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Business News/ Politics / Policy/  Budget 2015: Jaitley proposes increase in service tax, education cess
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Budget 2015: Jaitley proposes increase in service tax, education cess

The service tax rate and education cess to be raised to 14% from the current 12.36%

Finance minister said the government plans to introduce direct tax regime that is internationally competitive on rates without exemptions. Photo: Pradeep Gaur/Mint (Pradeep Gaur/Mint)Premium
Finance minister said the government plans to introduce direct tax regime that is internationally competitive on rates without exemptions. Photo: Pradeep Gaur/Mint
(Pradeep Gaur/Mint)

New Delhi: Finance minister Arun Jaitley has proposed increasing the service tax rate and education cess to 14% from the current 12.36%, while presenting the government’s full-year budget on Saturday.

Jaitley said the government plans to introduce direct tax regime that is internationally competitive on rates without exemptions.

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Published: 28 Feb 2015, 01:07 PM IST
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