« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals «  No tax deduction on disability pension to Armed Forces: Govt... Octroi, entertainment & entry tax may survive GST... » No service tax on health, education December, 22nd 2007 Conceding to populist sentiments, state governments have ruled out levying service tax on education and health facilities, especially those for the common man. Areas relating to health and education may not be included in the service tax. That is the view we have taken, Asim Dasgupta chairman of the empowered committee of state finance ministers, which met on Thursday, said after the meeting. He also hinted that even private health and educational institutions might be exempted as certain private entities also provide these services to the common man. Along with health and education, states had been given 44 new services for taxing, as part of the bail out package for the phasing out of central sales tax (CST). States have so far been unable to reach a consensus on which services to tax as certain services like education could evoke a public outcry and most others are local in nature, such as sports, entertainment and legal services. CST is reduced from 4% to 3% this fiscal and would be eliminated by April one, 2010, when the goods and service tax regime is finally introduced.