Govt may earn more than Rs 1,800 cr from mobile tax hike next fiscal

The governments decision to hike the excise duty on phones priced above Rs 2,000 is going to fetch it a lot of money in the coming financial year.

March 02, 2013 / 12:30 IST

The government’s decision to hike the excise duty on phones priced above Rs 2,000 is going to fetch it a lot of money in the coming financial year. According to Business Standard, the government could earn somewhere between Rs 1,800 crore and Rs 2,700 crore in 2013-14 from mobile tax, depending upon the average cost of phones in the country.Click here for full story

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

first published: Mar 2, 2013 12:16 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347