Estimated revenue likely to be generated through cess and surcharge in the financial year 2017-18 is Rs.282212 crores. Finance bill to levy a new surcharge to business person at 10% tax, where taxable income exceeds from Rs.50 lakhs to Rs.1crore. Tax were levied by the government to spend the amount on buildings, hospitals, schools & other infrastructure.
Cess and surcharge♢
