budget 2013 by vinu
DESCRIPTION
Budget 2013 by Vinu from Versatile Business SchoolTRANSCRIPT
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IMPACT OF
S.VINU
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The budget for something is the amount of money that a person or country has available to spend on it.
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Tax Increases Tax Deduction
Cell phone Cigarette Set up boxImport luxury car
(100%)Production luxury
car (30%)
Hand craft product Foot ware machine Electrical carImport of oats (30%
- 15%)Diamond toll tax
10%(-) 2%=8%
TAX18,000crores tax in 2013-2014
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INCOME TAX
Person
2,00,000NO TAX
2,00,000 TO 5,00,000 10%
5,00,001 to 10,00,000 20%
10,00,001 to 1Crore 30%
Above 1Crore 30% + 10%
Above 60
2,50,000NO TAX
2,50,000 to 5,00,000 10%
5,00,001 to 10,00,000 20%
1000001 to 1Crore 30%
Above 1Crore 30% + 10%
Above 80
5,00,000NO TAX
5,00,001 to 10,00,000 20%
10,00,001 to 1Crore 30%
1Crore 30% + 10%
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women 200cr for Women Welfare 1,000cr for women banking sector
Medical Development of Medical department 1,069cr Medical research and education 4,727cr 110cr Disabled people useful
(Amount in rupees)
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Measure: Additional interest rate deduction on low ticket housing loans for first time home buyers
Impact: NRIs who are first time home buyers in India may benefit from this proposal if they have significant income in India. According to the proposal, a person taking a loan for his first home from a bank or a housing finance corporation up to Rs25 lakh during the period 2013-14, will be entitled to an additional deduction of interest of up to Rs100,000. If the limit is not exhausted in 2013-14, the balance may be claimed in 2014-15. This deduction will be over and above the deduction of Rs1.5 lakh that is currently allowed for home loans. NRIs
Housing loan
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Measure: Substantial increase in limit for duty free gold import
Impact: The Finance Minister raised the duty free limit of bringing gold into the country to Rs50,000 for a male passenger and Rs1 lakh for a female passenger. The earlier limits were Rs10,000 and Rs20,000 respectively.
GOLD
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Employment 80,194cr for encourage rural area
7,500cr for tuticorin harbor 33,000cr employment opportunity
High ways Bangalore to Mumbai
(Amount in rupees)
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Agriculture
500cr for crop agro
(Amount in rupees)
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Kudangulam 150cr improve a project
Noon Food System13,215cr
DONATION
(Amount in rupees)
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THANK YOU