Union Budget 2015: Service tax to be raised from 12.36 per cent to 14 per cent

Finance Minister Arun Jaitley, in his maiden full-year Budget for the 2015-16 financial year, also said that the education cess would be raised.

twitter-logo Reuters   New Delhi     Last Updated: February 28, 2015  | 18:17 IST
Service tax to be raised to 14 per cent: Arun Jaitley
Finance Minister Arun Jaitley (Photo: AP)

Finance Minister Arun Jaitley on Saturday proposed increasing the service tax rate from the current 12.36 per cent to 14 per cent.

Jaitley, in his maiden full-year Budget for the 2015-16 financial year, also said that the education cess would be raised.

UNION BUDGET 2015-16:Key highlights | Full coverage

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