UNION BUDGET 2014-2015
HIGHLIGHTS RELATED WITH TAXES
*No changes in tax rates for individuals.
*Tax exemption limit for small and marginal changed from Rs 2 lakh to Rs 2.5 lakh and for senior tax payers Changed to 3Lakhs.
*Investment limit under 80C raised from Rs 1 lakh to Rs 1.5 lakh.
*Govt to provide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 crore in plant and machinery.
*Housing loan rebate to raised from 1.5 lakh to 2 lakh: Jaitley
*60 more 'Ayakar Sewa Kendras' to be set up.
*Income tax department is expected to function not only as an enforcement dept but also as a facilitator says Arun Jaitley
*Arun Jaitley raises PPF ceiling to Rs 1.5 lakh
*Goods and Services tax , VAT should come to end - FM
*Personal computers, electronic goods to be cheaper. FM announces proposals to make CRT TVs cheaper.*Basic custom duty on LED panel below 19 inch made NIL
*Soaps and oil products to become cheaper.
*Excise duty on footwear reduced from 12% to 6%.
*Jaitley announces reduction in excise duty(VAT) for specified food package industry from 10% to 6%.
*Excise duty raised on tobacco products and aerated water products with added sugar.
*To broaden tax base, negative list for service tax has been reviewed: FM
*Cigarettes, pan masalas to be costlier: FM
* Annual PPF ceiling to be raised to Rs 1.5 lakh, from Rs 1 lakh.
* No changes in taxes retrospectively and also there is no changes in tax rates.
* Goods and Services tax , VAT should come to end
OTHERS
-Uniform KYC across the finance sector
- Govt to set up 4 more AIIMS
- Rs 3600 crore set aside for National Rural Drinking Water.
- 12 more medical colleges with dental facilities as well
- Govt proposes to set up 5 new IIMs and 5 new IITs.
- There should be at least 2 bank accounts in each household says FM.. Govt to provide all households with banking facilities to empower the weaker sections.
- To allocate Rs 150 crore to boost women's safety
- Rs 1,000 crore for 'one rank, one pension' scheme.
- Rs 2.29 lakh crore allocated for defence sector.
- Rs 500 crore for digital India programme to ensure broadband connectivity at village level, transparency in VAIBHAV governance.
- Sports university to be set up in Manipur, Rs 100 crore to be provided for this.
- Rs 100 crore for training of sportspersons for upcoming Asian Games.
- FM propose Rs 200 crore for power reforms, and Rs 500 crore for water reforms in Delhi
- Rs 100 crore set aside for Metro scheme in Ahmedabad and Lucknow.
- The govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this
- Rs 200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion
- FM propose Rs 7060 crores for the development of 100 smart cities
- Jaitley announces schemes for disabled persons in the country.
- Jaitley announces 'Beti padhao, beti badhao yojana', sets aside Rs 100 crore for this.
- Govt to provide finance to 5 lakh landless farmers through NABARD
- Govt to set up Industrial Smart Cities in 7 cities.
- Rs 200 crore allocated for 6 more textile clusters in Rae Bareily, Lucknow, Surat and Bhagalpur.
- 16 new ports to be set up. Rs 11,000 crore to be allocated for this..
- FM : Bank to be encouraged to give long term funds and loans to infrastructure sector.
- EPFO will launch a unified account scheme for portability of Provident Fund accounts
- In order to give major boost to tourism, E-visas would be introduced at 9 airports. This will facilitate visas on arrival
- Indian citizen will hold shares in public sector banks directly rather than indirectly at present
- FDI is an additional support. India needs a boost in job creation.
ஒரு பக்கம் மார்பகம் சிறியதாக வும், இன்னொறு மார்பகம் பெரியதாகவும் இருக்கும்.
தில் இன்னொரு மார்பகம் வளர்ச் சியை நிறைவு செய்திருக்கும். அதனால்தான் இந்த சிறிய வித்தி யாசம். இதற்கு கவலைப்பட வே ண்டியதில்லை. அளவு, வடிவத் தில் பெரிய அளவில் வித்தியாச ம் இருந்தால் மட்டும் டாக்டரை அணுகி ஆலோசனை பெற வேண்டும்.