What is happening to Education Cess?
The amount collected through the Education Cess for the years 2004-05, 2005-06 and 2006-07 (up to February, 2007) is (Rs.incrore)
Financial Year | Direct Taxes | Indirect Taxes |
|---|---|---|
2004-05 | 1804.51 | 2514 |
2005-06 | 3213.75 | 4424 |
2006-07(uptoFeb.07) | 2982.00 | 3851 |
The proceeds of Education Cess utilized exclusively for the Sarva ShikshaAbhiyan (SSA) and Mid-Day Meal Scheme (MDM) of the Government after exhausting the funds provided to these schemes by way of Gross Budgetary Support (GBS) Allocations to States are not being made separately against the Education Cess. Financial assistance to them is released under individual schemes of SSA & MDM related to Elementary Education in accordance with the guidelines of such schemes and against their respective budgetary allocations.
This information was given by the Minister of State for Human Resource Development, Shri M.A.A. Fatmi in a written reply in the LokSabha yesterday.