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%

Reuters
Published28 Feb 2015, 01:07 PM IST
Finance minister said the government plans to introduce direct tax regime that is internationally competitive on rates without exemptions. Photo: Pradeep Gaur/Mint<br />
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.

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

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