Budget 2014: 1).Personal tax Limit increase -by 50000 ( from 2.L to 2.5L).for seniors citizens from 2.5 to 3 L no tax. 2).80 C limit increase from 1 L to 1.5 L 3).Housing loan Interest Limit up from1.5 L to 2.L. 4).PPF limit up from present 1L to 1.5 L. 5).INDIRECT TAX-Base custom duty reduced on -fatty acids,palm oil,glycerine,batteries,ethanol,methyl alcohlo,P.C parts,LCD,LED,mobile,solar machin,wind instruments,, precious stones,boxits.-all these will be cheaper. 6) Excise duty- exemption extended upto 31 dec14. Further excise duty reduced on Food, packing industry,foot wear(upto 1000Mrp),copper wire,sports gears,solar and wind industrys. But excise increased -on Cigarettes, pan gotaka,airated drink with sugar and ready made garments. 7).incentive upto 15% on setting plant upto 25 cr in certain sectors. 8)Disalloance portion reduced from 100% to 30 % in case of Non payment of TDS tax. 9) baggage custom duty free limit up from 35000 to 45000 10).proposal for -War and Police memorials. 11)New 5 -I ITS at goa, AP,chattisgarh,kammu and kerala 12).New 5 --IIMs-one will in maharashtra. 13).4 New AIIMS 14).12 NEW MEDICAL COLLEGES. 15).New 15 drug testing Labs. 16)Return of KVP 17)E visa tourism at 9 airport. 18)49% FDI IN insurance and 29 % in Defence. . 19)pansion scheme for seniors improve. 20) incentives for Visually challenge . 21)New Agriculture University at AP and Rajasthan. 22).farm loan at 4% will continue 23)New 16 ports will be develope. 24) 200 cr allocated for Sardar patel statue 25) New 6 Textile clusters 26).. agriculture Ware house allocated -5000 cr. 27)Varanashi textile waiver allocated 50 cr 28)New Farmer T.V -100 cr. 27).New T.V - Arunuday. 28).Total Fiscal Deficit -4.5% of GDP 29).Total Revenue Deficit-2.9% of GDP. 30)Now all Bonds tax benefit s. 31) 200 cr for J& k for indoor-out door stadium 32).River ganga development-150 cr
Posted on: Thu, 10 Jul 2014 10:25:27 +0000
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