Finance Minister Arun Jaitley, who presented the Union Budget for fiscal 2015-16 in the Lok Sabha today, increased the consolidated service tax to 14 percent.
The highlights are as follows:
Consolidated Service tax increased to 14 percent.
Transport allowance, which is currently 800 per month, has been increased to 1,600 per month.
All contributions to Sukanya Samridhi scheme to be tax free.
We have been consistent in what we have said and what we are doing.
