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How debit tax is charged? Is it still there?

1 Answer

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Debits Tax was abolished from 1st April, 2011

Rules were as follows:

Debits Tax shall be charged on the total amount of the debits, made during each calendar month against each current Account maintained at a commercial Bank and each Saving account maintained at a commercial Bank or a specializes Bank.
 
On the amount realized on the encashment of a certificate of Deposit or Travelers cheques
 
Rate of Debits Tax
0.10%
...