September 29, 2022

Petrol diesel road infra cess 11.32 lakh crore earned from road infra cess

new Delhi, With the costs of petrol and diesel as soon as once more crossing Rs 100 per liter, the central authorities has stated that it has earned Rs 11.32 lakh crore within the final 10 years from road-infra cess on these two merchandise. That’s, about one lakh crore rupees have been earned yearly from this cess alone. Understand that about 45 % of the value of petrol and diesel is taxed by the central and state governments. petrol diesel highway infra cess

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Union Finance Minister Nirmala Sitharaman advised the Lok Sabha on Tuesday that income of Rs 11.32 lakh crore has been raised within the final ten years via highway and infra cess on petrol and diesel. This determine is for the interval between 2010-11 to 2022-23. That’s, about one lakh crore rupees have been obtained from cess yearly throughout this era. Sitharaman has additionally knowledgeable that between 2013-14 to 2022, income of Rs 3.77 lakh crore was collected from well being and training cess.

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