Levy not more than one Cess or Surcharge: FM during Budget 2025

In Budget 2025, Finance Minister Nirmala Sitharaman proposed that there would be no levy of more than one cess or surcharge on taxes, addressing concerns raised by taxpayers and businesses. This change will simplify the tax structure, reducing the confusion created by multiple levies, and will help improve compliance. By limiting the number of additional taxes imposed, the government aims to make the tax system more transparent and predictable. This move will be particularly beneficial for businesses as it will lower the cost of tax compliance and help streamline their overall financial planning and budgeting.