Common man burdened with Krishi Kalyan Cess

Tax effect from June 2016

From this June onwards the common man will have to bear additional burden of tax in the form of Krish Kalyan cess imposed by the central government.  The government says that income from this tax would be used to improving the infrastructure in rural areas. The Krishi Kalyan cess will be levied on all taxable services from June 1st. The currently people are paying 0.5 percent swatch bharath cess in addition to the 14% Service tax. The new cess would take the total service tax to 15%. Last year the Modi government has raised the service tax from 12% to 14.5%.

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