Tax credit of Rs. 2,000 for income upto Rs. 5 lakh; Surcharge of 10 per cent for taxable incomes above Rs. 1 crore, No review of tax slabs; Commodity transaction tax for non-agri commodity trading; Tax Deducted at Source to be fixed at 1% on land deals over Rs 50 lakh; 30% excise duty hike on SUVs; 6% excise duty hike on mobiles above Rs. 2,000
Union Finance Minister P. Chidambaram presents Budget 2013-14 in the Lok Sabha on Thursday.
Tax credit of Rs. 2,000 for income upto Rs. 5 lakh
Surcharge of 10 per cent for taxable incomes above Rs. 1 crore, No review of tax slabs
Excise duty on SUVs to be increased to 30 per cent from 27 per cent, SUVs registered as taxis exempted
Commodities transaction tax levied on non—agriculture commodities futures contracts at 0.01 per cent. Read more
Source : www.thehindu.com
