"Glimpse of the Budget 2012-2013"

Indian Union Budget 2012 : COSTLY & CHEAPER Report.......

Things which become costlier:

Here is the list of the things which become expensive

* Gold jewellery
* Ac
* Refrigerator
* Luxury cars
* Air travel
* Telephone bills
* SUVs
* Cigarettes
* Handrolled beedis
* Platinum jewellery
* Diamond jewellery
* Emerald
* Ruby
* Branded retail garments

List of things which become cheaper:

* LCDs and LED
* Cinemas and films
* Imported bicycles
* Housing society charges
* LPG
* Mobile phones
* School education
* Iron ore equipment
* Medicines for treating cancer and HIV Processed food
* Iodised salt
* Match boxes
* Soya products
* Solar power lamps
* LED bulbs
* Natural gas
* Uranium for generation of electricity

Services and duties (expensive):

With service tax being hiked to 12 per cent from the existing 10 per cent except in a few items, average person will have to pay more while traveling by air or hiring a law firm. Honorable Mr. Mukherjee proposed to increase excise duty on all non-petroleum products, except a few, to 12 per cent from the existing 10 per cent

About Income Tax exemption limit:

Pranab Mukherjee raised the exemption limit for income tax by just Rs 20,000 from Rs 1,80000 to Rs 2 lakh. The budget will definitely disappointed the large numbers of tax payer in the country.

New tax slabs:

* Up to Rs 2 lakh: No tax
* From Rs 2 lakh to 5 lakh: 10%
* From Rs 5 lakh to 10 lakh: 20%
* Above Rs 10 lakh: 30%

After going through the Union Budget 2012-13 presented by Pranab Mukherjee, we can say that almost all the manufactured items used in everyday life will become costlier, while luxury cars, gold, eating out at restaurants or hotel accommodation will become even more expensive after a steep hike in tax rates proposed in Budget.

"Grow Up Once Again"...