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  • Current GK (Union Budget 2011)
  • As per the Union Budget 2011-2012, the govt proposed to i...
Multiple choice

As per the Union Budget 2011-2012, the govt proposed to increase the service tax on life insurance policies by 0.5 per cent. What is the new rate after the change?

  1. 1.03%

  2. 1%

  3. 1.5%

  4. 1.545%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 The govt proposed to increase the service tax on life insurance policies to 1.5 per cent from 1 per cent.

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