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Railway fares to go up from November 15

Passenger fares will get costlier from Sunday, as the levy of a service tax of 14% and a Swachh Bharat Cess of 0.5% becomes chargeable.

india Updated: Nov 13, 2015 22:25 IST
HT Correspondent
HT Correspondent
Hindustan Times
A railway board circular on Friday projected a 4.35% increase in passenger fares in the First Class and all AC Classes from November 15. (AFP Photo)
A railway board circular on Friday projected a 4.35% increase in passenger fares in the First Class and all AC Classes from November 15. (AFP Photo)( )
         

Passenger fares will get costlier from Sunday, as the levy of a service tax of 14% and a Swachh Bharat cess of 0.5% becomes chargeable.

A railway board circular on Friday projected a 4.35% increase in passenger fares in the First Class and all AC Classes from November 15.

This would work out to an increase of Rs. 206/- in the AC-I fares of Mail and Express trains from New Delhi to Mumbai and a hike of Rs. 102/- in the AC-3 fares from New Delhi to Howrah. Similarly, on the Delhi-Chennai route, the component of service tax and Swachh Bharat cess works out to an increase of Rs. 140/- in the AC-2 category.

The circular is in line with the November 6 notification for levy of a Swachh Bharat Cess on all taxable services.

Annual earnings of the Railways from the passenger segment are estimated at Rs. 35,000/-. More than Rs. 1000/- crore is expected to be added to this on account of the levy of service tax and Swachh Bharat cess.

First Published: Nov 13, 2015 22:22 IST

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