Union Budget 2013 – What is costlier and What is cheaper?

Finance Minister Chidambaram has presented the Union Budget for 2013 – 14. Here are some of the main highlights of the budget

*. Service Tax on Film Industry scrapped.

*. Cigarettes, Mobiles, Imported Luxury Cars, SUV’s, High Capacity Motorcycles, Set Top Boxes, DTH Services and Hotels to be costlier

*. Leather goods, Books, Footwear and Readymade garments will be cheaper.

*. Surcharge of 10% on persons who earn more than Rs. 1 Crore

*. New Sea Ports in Andhra Pradesh and Bengal.

*. No Change in Income Tax Slabs

*. TDS of 1 % on land deals over Rs. 50 lakh

*. 3000 km of road projects to be approved

*. Additional IT exemption of 1 lakh for taxpayer taking 1st home loan worth upto Rs 25 Lakhs

*. Excise rate, service tax rate unchanged

*. 4.5 % increase in Defence Budget at Rs. 2.03 trillion

*. Clean drinking water and sanitation projects allocated Rs. 15,260 Crores

*. Allocation of 1,400 Crores for fluoride affected areas

*. FM Radio in all cities that have a population of 1 lakh or more.