What is applicable service tax on internet money transfers in ICICI ?



I transfer 75000 from my ICICI a/c to a non-ICICI account at a distant place. I am asked to confirm to ” A transaction levy of Rs. 5/- as service charge plus applicable service tax ”

What is the applicable service tax rate ? Is it uniform across all banks or specific to each ? What is the rate in ICICI ?

What is applicable service tax on internet money transfers in ICICI ?
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One Reply to “What is applicable service tax on internet money transfers in ICICI ?”

  1. Service Tax is same all over India i.e. 10.2%. If transaction charge is Rs.5/- then 10.2% of that is only 0.51 Rs.i.e. 51 paisa only.





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