Education cess raised to 3 per cent

Saturday, March 17, 2007, 23:13 [IST]

New Delhi, Feb 28 (UNI) In the Budget 2007-08, an additional cess of one per cent on all direct taxes has been levied to fund secondary and higher education. The present 2 per cent education cess to fund basic education will also remain.

Surcharge on income tax on all firms and companies with a taxable income of Rs one crore or less has been removed. This will benefit about 12 lakh firms and companies.

UNI

Topics: BUDGET-EDUCATION CESS

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EU welcomes Palestinian unity govt, wary on aid

Sunday, March 18, 2007,9:49 [IST]

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Sunday, March 18, 2007,9:51 [IST]

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Sunday, March 18, 2007,9:53 [IST]

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