https://www.taxtmi.com/news?id=1316 No separate Reserve Fund was opened in the Public Account for the 1% Secondary & Higher Education Cess; therefore expenditure provision for the Department of School Education & Literacy and the Department of Higher Education is provided directly in their Demands for Grants. Since Budget Estimates for the schemes have consistently exceeded cess collections from 2007-08, the amount collected is deemed to have been fully allocated against those Demands for Grants. en-us Sat, 27 Nov 2010 11:35:30 +0530 Sat, 27 Nov 2010 11:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1316 No separate Reserve Fund was opened in the Public Account for the 1% Secondary & Higher Education Cess; therefore expenditure provision for the Department of School Education & Literacy and the Department of Higher Education is provided directly in their Demands for Grants. Since Budget Estimates for the schemes have consistently exceeded cess collections from 2007-08, the amount collected is deemed to have been fully allocated against those Demands for Grants. News - Sat, 27 Nov 2010 11:35:30 +0530 https://www.taxtmi.com/news?id=1316