budget 2015 - 2016

BUDGET 2015-2016By GreenGyaanamwww.greengyaanam.com

Products that may get Cheap:• Footwear• Solar lamps• Microwave oven• Refrigerated

Containers• Sterilised dialyses• Low cost houses

(<60 sq mt carpet area)

• Hybrid electric vehicles & more

Products that may Cost more:• Tobacco, Cigar &

Cigarettes• Luxury Cars• Basic Aluminum

and Aluminum Products

• Branded Products above Rs. 1000

• Imported Imitation Jewelry &Gold bars

• E-reading devices

Products that may Cost more:• VoIP Instruments,

Routers, CCTV • Plastic bags and

more

Impact on Services:• Services like eat

out, air travel, bill payments etc.

• Services above 2 lakh in cash

• Legal services• Travelling via

stage carriage• Hike in customer

duty

Impact on Services:• 15% surcharge on

above Rs. 1 crore income

• Hiring of folk artists for performance

• Concession tax regime on patents developed and registered in India

• Pension Plans

Impact on Services:• Services like eat

out, air travel, bill payments etc.

• Services above 2 lakh in cash

• Legal services• Travelling via

stage carriage• Hike in customer

duty

Chief Beneficiaries:• Gujrat

International Finance Tec-City (GIFT): Initiative for finance and technology companies to relocate operation here. Visit: http://economictimes.indiatimes.com/news/economy/infrastructure/pm-narendra-modis-gift-just-got-a-boost-from-budget-2016/articleshow/51198460.cmsisit

Chief Beneficiaries:• Rs. 1000 Crore for

EPF• Deduction

increased on rented houses

• Rs. 38,500 Crore for Mahatama Gandhi MGNREGA (2015-2016)

• Jump of 228% grants for gram panchayats & municipals

Chief Beneficiaries:• Schemes for

animal welfare• BPL (Below

poverty line) families getting cooking gas

• Health cover upto 1 lakh/ family

• 1500 multi-skill development centers getting Rs. 1700 Crore grants

Chief Beneficiaries:• 62 new navodaya

vidyalayas• Rs. 3000 crore

expected grants for nuclear power production

• Rs. 2.21 trillion crore outlay for infrastructure

• Rs. 35984 Crore for agriculture and farmer welfare

Chief Beneficiaries:• Recapitalization of

PSB’s (Rs. 25,000 Crore)

• Rs. 2.18 trillion for railways & roadways

• Budget expenditure of Rs. 19.78 trillion

Tax Reforms:• Relief for small

tax payers• For turnovers less

than Rs. 5 Crore, corporate tax lowered to 29% of surcharge

• 100% deduction of profits for startups as per Minimum Alternate Tax (MAT)

Tax Reforms:• First time buyer

exemption of upto Rs. 50,000 on interest paid for upto Rs. 35 lakh loans (Rs. 50 lakh cost homes). Visit: https://www.myloancare.in/tax-benefit-on-home-loan/

Thanks GreenGyaanamwww.greengyaanam.comgreengyaanaminfo@gmail.com

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