IMPACT OF

S.VINU

The budget for something is the amount of money that a person or country has available to spend on it.

Tax Increases Tax Deduction

Cell phone Cigarette Set up boxImport luxury car

(100%)Production luxury

car (30%)

Hand craft product Foot ware machine Electrical carImport of oats (30%

- 15%)Diamond toll tax

10%(-) 2%=8%

TAX18,000crores tax in 2013-2014

INCOME TAX

Person  

2,00,000NO TAX

2,00,000 TO 5,00,000 10%

5,00,001 to 10,00,000 20%

10,00,001 to 1Crore 30%

Above 1Crore 30% + 10%

 

Above 60  

2,50,000NO TAX

2,50,000 to 5,00,000 10%

5,00,001 to 10,00,000 20%

1000001 to 1Crore 30%

Above 1Crore 30% + 10%

Above 80  

5,00,000NO TAX

5,00,001 to 10,00,000 20%

10,00,001 to 1Crore 30%

1Crore 30% + 10%

women 200cr for Women Welfare 1,000cr for women banking sector

Medical Development of Medical department 1,069cr Medical research and education 4,727cr 110cr Disabled people useful

(Amount in rupees)

Measure: Additional interest rate deduction on low ticket housing loans for first time home buyers 

Impact: NRIs who are first time home buyers in India may benefit from this proposal if they have significant income in India. According to the proposal, a person taking a loan for his first home from a bank or a housing finance corporation up to Rs25 lakh during the period 2013-14, will be entitled to an additional deduction of interest of up to Rs100,000. If the limit is not exhausted in 2013-14, the balance may be claimed in 2014-15. This deduction will be over and above the deduction of Rs1.5 lakh that is currently allowed for home loans. NRIs

Housing loan

Measure: Substantial increase in limit for duty free gold import 

Impact: The Finance Minister raised the duty free limit of bringing gold into the country to Rs50,000 for a male passenger and Rs1 lakh for a female passenger. The earlier limits were Rs10,000 and Rs20,000 respectively. 

GOLD

Employment 80,194cr for encourage rural area

7,500cr for tuticorin harbor 33,000cr employment opportunity

High ways Bangalore to Mumbai

(Amount in rupees)

Agriculture

500cr for crop agro

(Amount in rupees)

Kudangulam 150cr improve a project

Noon Food System13,215cr

DONATION

(Amount in rupees)

THANK YOU