Changes made in the tax slab
Sectors generating service tax for the government
Service tax has been the priority of the government
A large part of the Plan expenditure incurred by the Central Government is through public sector enterprises.
Fringe Benefit Tax (FBT) is the taxation of perquisites provided by the employer to his employees, in addition to the cash salary or wages paid, is fringe benefit tax.
The Medium-term Fiscal Policy Statement is presented to Parliament under Section 3(2) of the Fiscal Responsibility and Budget Management Act, 2003.
The Fiscal Policy Strategy Statement is presented to Parliament under Section 3(4) of the Fiscal Responsibility and Budget Management Act, 2003.
The Capital Budget consists of capital receipts and capital payments. The capital receipts are loans raised by the Government from the general public.