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

CAGR (Compound Annual Growth Rate)Last Updated: December 12, 2025

Meaning & Definition CAGR stands for Compound Annual Growth Rate. It represents the annual growth rate of an…

Double Taxation AvoidanceLast Updated: December 12, 2025

Meaning & Definition Double Taxation Avoidance refers to agreements or rules that prevent the same income from being…

P2P TransactionsLast Updated: July 11, 2025

Introduction P2P (Peer-to-Peer) transactions are digital payments made between two individuals using UPI. Definition The definition of P2P…

Fraud Detection SystemLast Updated: August 12, 2025

Meaning A Fraud Detection System is a technology-based system that identifies suspicious or unauthorized transactions in real-time to…