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Service Tax Rates
 

As per the Finance Budget 2015, from 1st June 2015, service tax rates will be increased as under:

Description
Current
Rate
Revised
Rate
Term Plans / Health Plans / Riders
12.36%
14%
ULIP Charges / Other Charges
12.36%
14%
Traditional /Endowment/Annuity/Pension Products (1st Year)
3.09%
3.50%
Traditional /Endowment/Annuity/Pension Products (Subsequent premiums)
1.545%
1.75%