budget 2015 - 2016
TRANSCRIPT
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 [email protected]
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