Amount Collected as Education CESS

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....mount Collected as Education CESS <br>News and Press Release<br>Dated:- 27-11-2010<br><BR>The amount of Secondary and Higher Education Cess collected during the last three years from direct and indirect taxes are as under : Direct Taxes: (Rs. in crore) Period Amount collected 2007-08 2910.96 2008-09 3124.67 2009-10 3783.44 Indirect Taxes: (Rs. in crore) Period Amount collected 2007-08....

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.... 2875.23 2008-09 2660.30 2009-10 2506.54 Since no Reserve Fund has been opened in the Public Account of India for the purpose of crediting the 1% Secondary & Higher Education Cess for expenditure towards related schemes/prgorammes, the expenditure provision for Department of School Education & Literacy and Department of Higher Education have been provided directly in their demands for Grants....

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..... Considering that the Budget Allocation (BE) for the schemes of Secondary and Higher Education has been consistently higher than the amount collected towards 1% Education Cess right from the levy of the cess with effect from 2007-08, the amount collected towards 1% Edcuation cess is deemed to have been fully allocated for expenditure in the above Demands. The Gross Budgetary Support for the Depar....

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....tment of Higher Education was Rs.10859.37 crore in 2008-09, Rs.15433 crore in 2009-10 and Rs.16694 crore in 2010-11. The Government has taken various initiatives such as establishing mechanisms for performance monitoring and performance evaluation in Government on a regular basis which also include strengthening public accountability of flagship programmes and evaluation of the impact of such pro....

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....grammes. This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question raised in Lok Sabha today.<BR> News - Press release - PIB....