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Thursday, March 10, 2016

2016 Union Budget - Abolishes 13 Cesses which generate revenue < 50 crore per year

Cesses Raising < 50 crore in 2015-16 includes -
  • Education Cess 44 crore
  • Secondary and Higher Education Cess 22 crore
  • Salt 5 crore
  • Mica 2.73 crore
  • Iron,Manganese an d Chrome Ore 16.7 crore
  • Limestone and Dolomite 15.98 crore
  • Cine Workers 1.93 crore
  • Cess under other a/c's 9 crore
  • Cess collection on Textiles and Textile Machinery 1 crore

Together they amount to 118.34 crore

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