Cess

byPaytm Editorial TeamLast Updated: December 12, 2025

Meaning & Definition

Cess is a tax levied by the government on income or goods for a specific purpose, like education or health. It is collected in addition to regular taxes.

Key Features

  • Specific purpose tax
  • Added to regular tax
  • Collected by government
  • Non-refundable

You May Also Like

DepreciationLast Updated: December 29, 2025

Meaning & Definition Depreciation is the reduction in the value of an asset over time due to usage,…

UPI Merchant QRLast Updated: September 22, 2025

Definition A UPI Merchant QR is a scannable QR code provided to merchants for receiving UPI payments. Meaning…

UPI Push APILast Updated: October 21, 2025

Definition UPI Push API enables initiating money transfers from the payer’s account to a recipient via UPI programmatically.…