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Swachh Bharat Tax
 

Swachh Bharat Cess - revision in Service Tax rates:

The Government of India has notified levy of Swacch Bharat Cess in addition to service tax across all service sectors including life insurance from November 15, 2015.

Please find below the details of the revised rate:

Category
Service Tax
Swacch Bharat Cess
Total
Term insurance premium
14%
0.5%
14.5%
ULIP Charges
14%
0.5%
14.5%
Endowment:First year premium
3.5%
0.125%
3.625%
Endowment:Renewal premium
1.75%
0.0625%
1.8125%


Click here to view the Government of India notifications in this regard.