SlideShare a Scribd company logo
1 of 8
 The Budget left tax slabs and tax rates unchanged but proposes a Rs
2,000 tax credit to those whose taxable income is up to Rs 5 lakh.
 The credit, given to those in the lowest tax bracket, increases their tax
exemption limit from Rs 2 lakh to Rs 2.2 lakh.
The Budget has also not changed the tax rates for senior citizens (60-
80 years) and very senior citizens (80 years and above).
 So, all men, women and senior citizens with taxable income of less
than Rs 5 lakh will save Rs 2,000 in 2013-14.
 The 3 per cent education cess on the total tax liability continues.
 The government has announced a 10 per cent tax surcharge on those
with taxable income of more than Rs 1 crore.
 So a person with taxable income of Rs 1.1 crore will now have to pay
Rs 35,46,290 as tax as against Rs 32,23,900 earlier.
TAX ON SUPER RICH
Growth rate of 8%.
Slowdown economic growth rate from 3.9% to
3.2% in 2012.
High growth can be achieved through cooperation
27,049 crore allocated to Ministry of
Agriculture, an increase of 22 per cent
over the RE of current year.
AGRICULTURE
 Health for all and education to all remains priority.
 37,330 crore allocated to the Ministry of Health & Family Welfare.
 New National Health Mission will get an allocation of ` 21,239 crore
 4,727 crore for medical education, training and research.
Praveena

More Related Content

What's hot

GAMABrief: Preparing for the Capital Gains Tax Hike
GAMABrief: Preparing for the Capital Gains Tax HikeGAMABrief: Preparing for the Capital Gains Tax Hike
GAMABrief: Preparing for the Capital Gains Tax HikeChristina Gagnier
 
Pension Legislation Changes
Pension Legislation ChangesPension Legislation Changes
Pension Legislation Changessanlamuk
 
Sharad(58) And Shashank K (59)
Sharad(58) And Shashank K (59)Sharad(58) And Shashank K (59)
Sharad(58) And Shashank K (59)shashank_3
 
employeelaborratecalculator
employeelaborratecalculatoremployeelaborratecalculator
employeelaborratecalculatorTimothy Conrad
 
Bloomberg UTV presents Budget-opedia
Bloomberg UTV presents Budget-opediaBloomberg UTV presents Budget-opedia
Bloomberg UTV presents Budget-opediaBloomberg UTV
 
social security cola increase
social security cola increasesocial security cola increase
social security cola increaseFinnKevin
 
Guide to budget 2015
Guide to budget 2015Guide to budget 2015
Guide to budget 2015Simon Peters
 

What's hot (10)

GAMABrief: Preparing for the Capital Gains Tax Hike
GAMABrief: Preparing for the Capital Gains Tax HikeGAMABrief: Preparing for the Capital Gains Tax Hike
GAMABrief: Preparing for the Capital Gains Tax Hike
 
Property81 - Impact of 7th pay panel on home purchase
Property81 - Impact of 7th pay panel on home purchaseProperty81 - Impact of 7th pay panel on home purchase
Property81 - Impact of 7th pay panel on home purchase
 
Pension Legislation Changes
Pension Legislation ChangesPension Legislation Changes
Pension Legislation Changes
 
Sharad(58) And Shashank K (59)
Sharad(58) And Shashank K (59)Sharad(58) And Shashank K (59)
Sharad(58) And Shashank K (59)
 
Senate President Cullerton Taxpayers Federation Slideshow
Senate President Cullerton Taxpayers Federation SlideshowSenate President Cullerton Taxpayers Federation Slideshow
Senate President Cullerton Taxpayers Federation Slideshow
 
employeelaborratecalculator
employeelaborratecalculatoremployeelaborratecalculator
employeelaborratecalculator
 
Bloomberg UTV presents Budget-opedia
Bloomberg UTV presents Budget-opediaBloomberg UTV presents Budget-opedia
Bloomberg UTV presents Budget-opedia
 
social security cola increase
social security cola increasesocial security cola increase
social security cola increase
 
TFSA
TFSATFSA
TFSA
 
Guide to budget 2015
Guide to budget 2015Guide to budget 2015
Guide to budget 2015
 

Similar to Praveena

Union budget 2013 analysis of direct taxes
Union budget 2013  analysis of direct taxesUnion budget 2013  analysis of direct taxes
Union budget 2013 analysis of direct taxesSubramanya Bhat
 
Tax world reacts to interim budget 2019
Tax world reacts to interim budget 2019Tax world reacts to interim budget 2019
Tax world reacts to interim budget 2019Radhabajaj987
 
Tax Rates for Assessment Year 2021 22 | CA Sana Baqai
Tax Rates for Assessment Year 2021 22 | CA Sana BaqaiTax Rates for Assessment Year 2021 22 | CA Sana Baqai
Tax Rates for Assessment Year 2021 22 | CA Sana BaqaiSana Baqai
 
Union budget 2016: Hits and Misses
Union budget 2016: Hits and MissesUnion budget 2016: Hits and Misses
Union budget 2016: Hits and MissesBhagyesh Shah
 
Budget 2016
Budget 2016 Budget 2016
Budget 2016 s v
 
union budget 2016-2017
union budget 2016-2017union budget 2016-2017
union budget 2016-2017shabistan khan
 
Budget presentation 2012
Budget presentation 2012Budget presentation 2012
Budget presentation 2012Anurag Shahi
 
Policy paper Autumn Statement 2023 (HTML)
Policy paper Autumn Statement 2023 (HTML)Policy paper Autumn Statement 2023 (HTML)
Policy paper Autumn Statement 2023 (HTML)nishatislam612
 
Budget alert 2014 15
Budget alert 2014 15Budget alert 2014 15
Budget alert 2014 15Anupam Jain
 
Tax table
Tax table Tax table
Tax table Tax 2win
 
Union budget 2021
Union budget 2021Union budget 2021
Union budget 2021Samyak Jain
 

Similar to Praveena (20)

Union budget 2013 analysis of direct taxes
Union budget 2013  analysis of direct taxesUnion budget 2013  analysis of direct taxes
Union budget 2013 analysis of direct taxes
 
Union budjet 2017
Union budjet 2017Union budjet 2017
Union budjet 2017
 
Tax world reacts to interim budget 2019
Tax world reacts to interim budget 2019Tax world reacts to interim budget 2019
Tax world reacts to interim budget 2019
 
Tax Rates for Assessment Year 2021 22 | CA Sana Baqai
Tax Rates for Assessment Year 2021 22 | CA Sana BaqaiTax Rates for Assessment Year 2021 22 | CA Sana Baqai
Tax Rates for Assessment Year 2021 22 | CA Sana Baqai
 
Union budget 2016: Hits and Misses
Union budget 2016: Hits and MissesUnion budget 2016: Hits and Misses
Union budget 2016: Hits and Misses
 
Budget 2016
Budget 2016 Budget 2016
Budget 2016
 
Union Budget 2016-2017
Union Budget 2016-2017Union Budget 2016-2017
Union Budget 2016-2017
 
Douglas
DouglasDouglas
Douglas
 
union budget 2016-2017
union budget 2016-2017union budget 2016-2017
union budget 2016-2017
 
Unionbudget2016 17
Unionbudget2016 17Unionbudget2016 17
Unionbudget2016 17
 
GST
GSTGST
GST
 
Budget presentation 2012
Budget presentation 2012Budget presentation 2012
Budget presentation 2012
 
Policy paper Autumn Statement 2023 (HTML)
Policy paper Autumn Statement 2023 (HTML)Policy paper Autumn Statement 2023 (HTML)
Policy paper Autumn Statement 2023 (HTML)
 
Budget alert 2014 15
Budget alert 2014 15Budget alert 2014 15
Budget alert 2014 15
 
Budget 2013 by Byravi
Budget 2013 by ByraviBudget 2013 by Byravi
Budget 2013 by Byravi
 
Budget 2015-2016
Budget 2015-2016Budget 2015-2016
Budget 2015-2016
 
Tax table
Tax table Tax table
Tax table
 
Budget 2021
Budget 2021Budget 2021
Budget 2021
 
Budget 2017 highlights
Budget 2017 highlightsBudget 2017 highlights
Budget 2017 highlights
 
Union budget 2021
Union budget 2021Union budget 2021
Union budget 2021
 

More from versatileBschool (20)

Women empowerment
Women empowermentWomen empowerment
Women empowerment
 
Brand management Full notes
Brand management Full notesBrand management Full notes
Brand management Full notes
 
Human Resource Management Full Notes
Human Resource Management Full NotesHuman Resource Management Full Notes
Human Resource Management Full Notes
 
International Business Management full notes
International Business Management full notesInternational Business Management full notes
International Business Management full notes
 
Marketing management
Marketing managementMarketing management
Marketing management
 
Budget 2013 by Vinu
Budget 2013 by VinuBudget 2013 by Vinu
Budget 2013 by Vinu
 
Budget 2013 by Vinu
Budget 2013 by VinuBudget 2013 by Vinu
Budget 2013 by Vinu
 
Budget 2013 by Shree hari
Budget 2013 by Shree hariBudget 2013 by Shree hari
Budget 2013 by Shree hari
 
Budget 2013 by Sandeepa
Budget 2013 by SandeepaBudget 2013 by Sandeepa
Budget 2013 by Sandeepa
 
Ramkumar
RamkumarRamkumar
Ramkumar
 
Prakash
PrakashPrakash
Prakash
 
Muthu kalyana sundaram
Muthu kalyana sundaramMuthu kalyana sundaram
Muthu kalyana sundaram
 
Mahalakshmi
MahalakshmiMahalakshmi
Mahalakshmi
 
Karthikeyan
KarthikeyanKarthikeyan
Karthikeyan
 
Dinesh s
Dinesh sDinesh s
Dinesh s
 
Budget 2013 by Dinesh kumar
Budget 2013 by Dinesh kumarBudget 2013 by Dinesh kumar
Budget 2013 by Dinesh kumar
 
Budget 2013 by Dinesh k
Budget 2013 by Dinesh kBudget 2013 by Dinesh k
Budget 2013 by Dinesh k
 
Budget 2013 by Dayakar
Budget 2013 by DayakarBudget 2013 by Dayakar
Budget 2013 by Dayakar
 
Budget 2013 and its impact by Akkeem
Budget 2013 and its impact by AkkeemBudget 2013 and its impact by Akkeem
Budget 2013 and its impact by Akkeem
 
Budget 2013 Asifa
Budget 2013 AsifaBudget 2013 Asifa
Budget 2013 Asifa
 

Recently uploaded

{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...
{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...
{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...hyt3577
 
06052024_First India Newspaper Jaipur.pdf
06052024_First India Newspaper Jaipur.pdf06052024_First India Newspaper Jaipur.pdf
06052024_First India Newspaper Jaipur.pdfFIRST INDIA
 
422524114-Patriarchy-Kamla-Bhasin gg.pdf
422524114-Patriarchy-Kamla-Bhasin gg.pdf422524114-Patriarchy-Kamla-Bhasin gg.pdf
422524114-Patriarchy-Kamla-Bhasin gg.pdflambardar420420
 
Politician uddhav thackeray biography- Full Details
Politician uddhav thackeray biography- Full DetailsPolitician uddhav thackeray biography- Full Details
Politician uddhav thackeray biography- Full DetailsVoterMood
 
10052024_First India Newspaper Jaipur.pdf
10052024_First India Newspaper Jaipur.pdf10052024_First India Newspaper Jaipur.pdf
10052024_First India Newspaper Jaipur.pdfFIRST INDIA
 
*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...
*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...
*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...anjanibaddipudi1
 
Job-Oriеntеd Courses That Will Boost Your Career in 2024
Job-Oriеntеd Courses That Will Boost Your Career in 2024Job-Oriеntеd Courses That Will Boost Your Career in 2024
Job-Oriеntеd Courses That Will Boost Your Career in 2024Insiger
 
declarationleaders_sd_re_greens_theleft_5.pdf
declarationleaders_sd_re_greens_theleft_5.pdfdeclarationleaders_sd_re_greens_theleft_5.pdf
declarationleaders_sd_re_greens_theleft_5.pdfssuser5750e1
 
China's soft power in 21st century .pptx
China's soft power in 21st century   .pptxChina's soft power in 21st century   .pptx
China's soft power in 21st century .pptxYasinAhmad20
 
The political system of the united kingdom
The political system of the united kingdomThe political system of the united kingdom
The political system of the united kingdomlunadelior
 
04052024_First India Newspaper Jaipur.pdf
04052024_First India Newspaper Jaipur.pdf04052024_First India Newspaper Jaipur.pdf
04052024_First India Newspaper Jaipur.pdfFIRST INDIA
 
Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...
Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...
Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...srinuseo15
 
America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...
America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...
America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...Andy (Avraham) Blumenthal
 
Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...
Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...
Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...tewhimanshu23
 
Dubai Call Girls Pinky O525547819 Call Girl's In Dubai
Dubai Call Girls Pinky O525547819 Call Girl's In DubaiDubai Call Girls Pinky O525547819 Call Girl's In Dubai
Dubai Call Girls Pinky O525547819 Call Girl's In Dubaikojalkojal131
 
KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...
KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...
KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...IT Industry
 
05052024_First India Newspaper Jaipur.pdf
05052024_First India Newspaper Jaipur.pdf05052024_First India Newspaper Jaipur.pdf
05052024_First India Newspaper Jaipur.pdfFIRST INDIA
 
THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...
THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...
THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...Faga1939
 

Recently uploaded (20)

{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...
{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...
{Qatar{^🚀^(+971558539980**}})Abortion Pills for Sale in Dubai. .abu dhabi, sh...
 
06052024_First India Newspaper Jaipur.pdf
06052024_First India Newspaper Jaipur.pdf06052024_First India Newspaper Jaipur.pdf
06052024_First India Newspaper Jaipur.pdf
 
422524114-Patriarchy-Kamla-Bhasin gg.pdf
422524114-Patriarchy-Kamla-Bhasin gg.pdf422524114-Patriarchy-Kamla-Bhasin gg.pdf
422524114-Patriarchy-Kamla-Bhasin gg.pdf
 
Politician uddhav thackeray biography- Full Details
Politician uddhav thackeray biography- Full DetailsPolitician uddhav thackeray biography- Full Details
Politician uddhav thackeray biography- Full Details
 
10052024_First India Newspaper Jaipur.pdf
10052024_First India Newspaper Jaipur.pdf10052024_First India Newspaper Jaipur.pdf
10052024_First India Newspaper Jaipur.pdf
 
*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...
*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...
*Navigating Electoral Terrain: TDP's Performance under N Chandrababu Naidu's ...
 
Job-Oriеntеd Courses That Will Boost Your Career in 2024
Job-Oriеntеd Courses That Will Boost Your Career in 2024Job-Oriеntеd Courses That Will Boost Your Career in 2024
Job-Oriеntеd Courses That Will Boost Your Career in 2024
 
declarationleaders_sd_re_greens_theleft_5.pdf
declarationleaders_sd_re_greens_theleft_5.pdfdeclarationleaders_sd_re_greens_theleft_5.pdf
declarationleaders_sd_re_greens_theleft_5.pdf
 
China's soft power in 21st century .pptx
China's soft power in 21st century   .pptxChina's soft power in 21st century   .pptx
China's soft power in 21st century .pptx
 
The political system of the united kingdom
The political system of the united kingdomThe political system of the united kingdom
The political system of the united kingdom
 
04052024_First India Newspaper Jaipur.pdf
04052024_First India Newspaper Jaipur.pdf04052024_First India Newspaper Jaipur.pdf
04052024_First India Newspaper Jaipur.pdf
 
Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...
Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...
Transformative Leadership: N Chandrababu Naidu and TDP's Vision for Innovatio...
 
America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...
America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...
America Is the Target; Israel Is the Front Line _ Andy Blumenthal _ The Blogs...
 
Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...
Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...
Unveiling the Characteristics of Political Institutions_ A Comprehensive Anal...
 
Dubai Call Girls Pinky O525547819 Call Girl's In Dubai
Dubai Call Girls Pinky O525547819 Call Girl's In DubaiDubai Call Girls Pinky O525547819 Call Girl's In Dubai
Dubai Call Girls Pinky O525547819 Call Girl's In Dubai
 
KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...
KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...
KING VISHNU BHAGWANON KA BHAGWAN PARAMATMONKA PARATOMIC PARAMANU KASARVAMANVA...
 
call girls inMahavir Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
call girls inMahavir Nagar  (delhi) call me [🔝9953056974🔝] escort service 24X7call girls inMahavir Nagar  (delhi) call me [🔝9953056974🔝] escort service 24X7
call girls inMahavir Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
 
9953056974 Call Girls In Pratap Nagar, Escorts (Delhi) NCR
9953056974 Call Girls In Pratap Nagar, Escorts (Delhi) NCR9953056974 Call Girls In Pratap Nagar, Escorts (Delhi) NCR
9953056974 Call Girls In Pratap Nagar, Escorts (Delhi) NCR
 
05052024_First India Newspaper Jaipur.pdf
05052024_First India Newspaper Jaipur.pdf05052024_First India Newspaper Jaipur.pdf
05052024_First India Newspaper Jaipur.pdf
 
THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...
THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...
THE OBSTACLES THAT IMPEDE THE DEVELOPMENT OF BRAZIL IN THE CONTEMPORARY ERA A...
 

Praveena

  • 1.
  • 2.  The Budget left tax slabs and tax rates unchanged but proposes a Rs 2,000 tax credit to those whose taxable income is up to Rs 5 lakh.  The credit, given to those in the lowest tax bracket, increases their tax exemption limit from Rs 2 lakh to Rs 2.2 lakh.
  • 3. The Budget has also not changed the tax rates for senior citizens (60- 80 years) and very senior citizens (80 years and above).  So, all men, women and senior citizens with taxable income of less than Rs 5 lakh will save Rs 2,000 in 2013-14.  The 3 per cent education cess on the total tax liability continues.
  • 4.  The government has announced a 10 per cent tax surcharge on those with taxable income of more than Rs 1 crore.  So a person with taxable income of Rs 1.1 crore will now have to pay Rs 35,46,290 as tax as against Rs 32,23,900 earlier. TAX ON SUPER RICH
  • 5. Growth rate of 8%. Slowdown economic growth rate from 3.9% to 3.2% in 2012. High growth can be achieved through cooperation
  • 6. 27,049 crore allocated to Ministry of Agriculture, an increase of 22 per cent over the RE of current year. AGRICULTURE
  • 7.  Health for all and education to all remains priority.  37,330 crore allocated to the Ministry of Health & Family Welfare.  New National Health Mission will get an allocation of ` 21,239 crore  4,727 crore for medical education, training and research.