In order to take care of the education and health care needs of Below Poverty Line (BPL) and rural families, The Budget proposes to increase the cess on personal income tax and corporation tax to.....percent from the present 3 percent.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In order to take care of the education and health care needs of Below Poverty Line (BPL) and rural families, The Budget proposes to increase the cess on personal income tax and corporation tax to____percent from the present 3 percent.

A	3.5 per cent
B	4.5 per cent
C	4.0 per cent
D	5.5 per cent

Explanation:

Detailed explanation-1: -In the Budget 2018, Finance Minister Arun Jaitley proposed introducing a 4% Health and Education Cess to help take care the education and healthcare needs of below poverty line and rural families.

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