Of this, Rs 14,509 crore turned into amassed underneath direct taxes and Rs 5,656 crore underneathindirect taxes, Minister of nation for Finance Jayant Sinha stated in a written respond in the Rajya Sabha.
through the education cess, the authorities had amassed Rs 35,986 crore in 2014-15, Rs 33,902 crore in 2013-14 and Rs 30,642 crore in 2012-thirteen.
training cess changed into added to fulfil the dedication of the authorities to provide and finance universalised quality fundamental, secondary and higher schooling.
The primary training cess changed into added in 2004-05, at the same time as the secondary and highersecondary training cess become brought in budget 2007-08, Sinha said.
“The proceeds of education cess are… spent on Sarva Shiksha Abhiyan and mid-day meal scheme of theauthorities,” he brought.
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story first published on: March 15, 2016 20:05 (IST)
Tags: education cess, Jayant Sinha, secondary and better schooling, indirect taxes, Sarva Shiksha Abhiyan