Union Budget 2013-14 is going to be presented by Hon'ble Finance Minister's on 28/02/2012. we will updates you the major changes in the budget 2013
- Post office will be converted in to Banks.
- 50000 cr Tax free bonds will be continued
- Additional house loan deduction loan up to 25,00,000
- No change in Income Tax slabs or exemption limit
- 10 % surcharge on Income above 1 crore
- Education cess remains 3 %
- Rajiv Gandhi equity scheme extended up to 3 year and limit extended for 12 lakh.
- No change in service tax and excise duty.
- 15 % addition allowance for new investment in plants up to 100 cr
- excise duty on cigrates increased to 18%
- Excise duty on marbles increased
- Excise duty/import duty increased to 6 % from 1 % for mobile value more than 2000/-.
- Service tax will be applicable on all AC -restaurant
- excise duty increased on SUV increased.
- STT reduced but CTT imposed
- 1 % Tds on immovable property (value more than 50 Lakh)
UNION BUDGET 2013-14 HIGHLIGHTS 28.02.2013
- Post office will be converted in to Banks.
- 50000 cr Tax free bonds will be continued
- Additional house loan deduction loan up to 25,00,000
- No change in Income Tax slabs or exemption limit
- 10 % surcharge on Income above 1 crore
- Education cess remains 3 %
- Rajiv Gandhi equity scheme extended up to 3 year and limit extended for 12 lakh.
- No change in service tax and excise duty.
- 15 % addition allowance for new investment in plants up to 100 cr
- excise duty on cigrates increased to 18%
- Excise duty on marbles increased
- Excise duty/import duty increased to 6 % from 1 % for mobile value more than 2000/-.
- Service tax will be applicable on all AC -restaurant
- excise duty increased on SUV increased.
- STT reduced but CTT imposed
- 1 % Tds on immovable property (value more than 50 Lakh)
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