Budget 2013 by Vinu
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Budget 2013 by Vinu

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Budget 2013 by Vinu from Versatile Business School

Budget 2013 by Vinu from Versatile Business School

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Budget 2013 by Vinu Budget 2013 by Vinu Presentation Transcript

  • IMPACT OFS.VINU
  • The budget for something isthe amount of money that aperson or country hasavailable to spend on it.
  • Tax Increases Tax Deduction Cell phone Cigarette Set up box Import luxury car(100%) Production luxury car(30%) Hand craft product Foot ware machine Electrical car Import of oats (30% -15%) Diamond toll tax10%(-) 2%=8%TAX18,000crores tax in 2013-2014
  • INCOME TAXPerson2,00,000NO TAX2,00,000 TO 5,00,000 10%5,00,001 to 10,00,000 20%10,00,001 to 1Crore 30%Above 1Crore 30% + 10%Above 602,50,000NO TAX2,50,000 to 5,00,000 10%5,00,001 to 10,00,000 20%1000001 to 1Crore 30%Above 1Crore 30% + 10%Above 805,00,000NO TAX5,00,001 to 10,00,000 20%10,00,001 to 1Crore 30%1Crore 30% + 10%
  • women 200cr for Women Welfare 1,000cr for women banking sectorMedical 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 firsttime home buyersImpact: NRIs who are first time home buyers in India may benefit from this proposalif they have significant income in India. According to the proposal, a person taking aloan for his first home from a bank or a housing finance corporation up to Rs25 lakhduring the period 2013-14, will be entitled to an additional deduction of interest of upto Rs100,000. If the limit is not exhausted in 2013-14, the balance may be claimed in2014-15. This deduction will be over and above the deduction of Rs1.5 lakh that iscurrently allowed for home loans. NRIsHousing loan
  • Measure: Substantial increase in limit for dutyfree gold importImpact: The Finance Minister raised the duty freelimit of bringing gold into the country to Rs50,000 fora male passenger and Rs1 lakh for a femalepassenger. The earlier limits were Rs10,000 andRs20,000 respectively.GOLD
  • Employment 80,194cr for encourage rural area 7,500cr for tuticorin harbor 33,000cr employment opportunityHigh ways Bangalore to Mumbai(Amount in rupees)
  • Agriculture500cr for crop agro(Amount in rupees)
  • Kudangulam 150cr improve a projectNoon Food System13,215crDONATION(Amount in rupees)
  • THANK YOU