The Central Government has told in the Parliament that in 2025-26 it ‘Cess‘ And ‘surcharge‘ How much is expected to be earned from? The government estimates that in 2025-26 it will be 8% Cess and 12% surcharge Will get more.
Cess And surcharge There are only one type of taxes, from which the central government earns. In response to a question in the Lok Sabha, the Finance Ministry said that in 2025-26, the government will Cess Rs 4.18 lakh crore more surcharge Rs 1.72 lakh crore can be earned from this.
Earlier in 2023-24, the Central Government Cess Rs 3.86 lakh crore more surcharge Rs 1.53 lakh crore was earned from it. However, this is not the actual figure. This is just a revised estimate. This means that in 2023-24 the government will Cess And surcharge There may still be changes in the figures of earnings from this.
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Cess And surcharge How much did the government’s earnings increase from? Before knowing this, let us understand what this is all about.?
Cess And surcharge what does it mean?
The tax you pay is also taxed on that person. ‘Cess‘ come on ‘surcharge‘ It is said. Cess If collected for a specific purpose surcharge Is levied on income and corporation tax. Cess And surchargeboth ‘indirect tax‘ Are there.
Government on many products for things like education, health, agriculture Cess Puts it. Cess Whatever income is earned from it, its money is spent only for what it is collected for. Cess short term can also be for and Long term Also for.
There itself, surcharge income tax or Corporate Is imposed on top of tax. It usually affects those people and companies who have very high income. Its purpose is to collect more taxes from the rich.
Cess central government’s money Consolidated Fund I don’t go. rather different for Fund Which is used for a specific purpose. Whereas, surcharge government’s money Consolidated Fund Only I go.
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Cess And surcharge How much did the government earn from?
- Cess earning from: In 2020-21 the government Cess Earned Rs 3.81 lakh crore from this. In 2021-22, the government earned Rs 4.57 lakh crore from this. At the same time, in 2025-26 the government has spent Rs 4.18 lakh crore. Cess Estimated to earn from. If seen, the government’s plan between 2020-21 to 2025-26 Cess Earnings have increased by about 10 percent.
- surcharge earning from: In 2020-21 the government surcharge Only Rs 33,064 crore was earned from this. This in 2022-23 almost It increased 4 times to more than Rs 1.25 lakh crore. Now the government will get Rs 1.72 lakh crore in 2025-26 surcharge Hope to meet. According to this, in comparison to 2020-21, the government will have to surcharge Earning will be 421 percent more.
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Where will the government spend?
Budget According to the document, the government will spend Rs 50.65 lakh crore in 2025-26. For the Rs 50.65 lakh crore that the government will spend, the government will earn about Rs 35 lakh crore from taxes and other sources. Will borrow the remaining Rs 15.68 lakh.
Suppose if the government is spending 1 rupee from its earnings, then 20 paise of it will go towards paying interest. 22 paisa tax to the states and duty Will go to give share in. The remaining 16 paisa belongs to the Centre. sponsored schemes and 8 paisa will be spent on central schemes. 8 paisa each will be spent for Defense and Finance Commission. 6 paisa subsidy And 4 paise will be spent on pension. The remaining 8 paise will be spent elsewhere.
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