The document summarizes key aspects of the India Union Budget for 2013-2014. It highlights a strong push for rural markets and employment, deployment of resources towards training and education, and aid to border countries like Bhutan to counter Chinese influence. It also notes reduced focus on the urban salaried middle class. Key expenditure areas covered include agriculture, rural development, education, health, infrastructure, and defense. Revenue sources discussed include various taxes as well as schemes to encourage compliance and investment.

1. INDIA UNION BUDGET 2013
2014.………………..
Tushar Joshi : http://www.linkedin.com/in/tushar41280
tushar41280@yahoo.co.in
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2. Hidden Indications behind budget
-Strong push for Rural markets and employment
-Deployment of resources towards training and education
-Aid to countries sharing border esp. Bhutan (China influence)
- Reducing connect with urban salaried middle class
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3. Some Terminologies
Revenue Budget
- Revenue Receipt - Revenue Payment
Capital Budget
- Capital Receipt - Capital Payment
Expenditure
- Plan - Non Plan
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4. Revenue Receipt
- Gross Tax Revenue
- Non Tax Revenue
Capital Receipt
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5. REVENUE:
DIRECT TAX
•CORPORATION (CORPORATE) TAX
•TAXES ON INCOME OTHER THAN CORPORATION TAX
•SECURITIES TRANSACTION TAX (STT)
•WEALTH TAX
•CAPITAL GAINS TAX
•DIVIDEND DISTRIBUTION TAX (DDT)
•MINIMUM ALTERNATE TAX (MAT)
•WITHHOLDING TAX
INDIRECT TAX
•CUSTOMS
•UNION EXCISE DUTY
•SERVICE TAX
•GST
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7. EXPENDITURE
•GROSS BUDGETARY SUPPORT : Funding of the 5 year Plan
•PLAN EXPENDITURE: Support to the annual plans
•NON-PLAN EXPENDITURE
interest payments, subsidies, salaries, defence & pensions. Its
‘capital’ component is small, the largest chunk being defence.
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8. When government’s expenditure exceeds its receipts, it has to borrow to meet the
shortfall. PUBLIC DEBT
•FISCAL DEFICIT : shortfall, which is met with borrowed funds, is called fiscal deficit.
Technically, it is the excess of government expenditure over ‘non-borrowed receipts’ —
revenue receipts plus loan repayments received by the govt plus miscellaneous capital
receipts.
•REVENUE DEFICIT It is the excess of revenue expenditure over revenue receipts. All
expenditure on revenue account should ideally be met from receipts on revenue
account; the revenue deficit should be zero. In such a situation, the government
borrowing will not be for consumption but for creation of assets.
•EFFECTIVE REVENUE DEFICIT This is an even tighter number than the revenue
deficit. It is revenue deficit less grants for creation of capital assets.
•PRIMARY DEFICIT It is the fiscal deficit less interest payments made by the
government on its earlier borrowings.
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9. Key Indicators
 Revenue Deficit - Revenue Expenditure
less: Revenue Receipts
 Fiscal Deficit - Total Expenditure
less: (Revenue Receipt + Loan
Recovery + Other Receipts)
 Primary Deficit - Fiscal Deficit
less: Interest Payments
Looking at the numbers, it is obvious
that we don’t have enough money to
spend, on so many pressing priorities
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12. FIRST DAY FIRST SHOW
SERVICE TAX VOLUNTARY COMPLIANCE
ENCOURAGEMENT SCHEME
COMMODITIES TRANSACTION TAX (CTT):
INVESTMENT ALLOWANCE
INFLATION INDEXED BOND
Rs.1,000 CR ALLOCATION –NIRBHAYA FUND
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13. Same IT slabs; 500 Cr crop divrfn
tax credit of 200 Cr nutrient Will need $75
Rs.2,000 - up to crops billion to finance
Rs.5 L 50 Cr farmer org. current account
10% sc > Rs.1 cr National deficit
(42,800 ppl) 307 Cr Nat.
RGES – 12 L Livestock Mission
HRD -.65,867 CR DCT scheme to
High-end vehicles
17% increase be rolled out
import duty: 75%
MDM : 13,25 CR across the
to 100 %
Rural dev., 46% country during
Excise duty on
increase to 80294 UPA-2 term (May
cigarettes 18 %
cr; 33000 cr for 2014)
rural jobs scheme
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14. 1 Lakh extra tax Defence
saving u/s 80 EE allocated E – Filing for all
for first time Rs.203,672 CR people above 5
home buyer, up an increase of Lakh bracket
to 25 Lakh loan 5%
Banking
AUTO Tax on mutual Additional
3% increase in fund capital of 14000
excise on SUV redemptions Cr for PUSs
Bus Purchase reduced from . Crop Loan +
under JNNURM 25 % to .001 % Home Loan
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15. THANK YOU
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