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The Union Budget of India 2014-2015 at a Glance

IIFL BUDGET 2014 ON THURSDAY 10TH OF JULY 2014 EVERYONE WERE GLUED TO THEIR TV SET TO SEE OUR FINANCE MINISTER, ARUN JAITLEY TABLE HIS MAIDEN BUDGET FOR THE YEAR 2014 - 2015. THERE WERE MANY POINTS TO REJOICE, WHEREAS, SOME POLICIES REMAIN UNCHANGED. DEMYSTIFYING THE UNION BUDGET 2014- 2015 INDIVIDUAL OLD SLAB NEW SLAB 2 Lacs INCOME TAX FOR INDIVIDUALS 2.5 Lacs <60YEARS 2.5 Lacs INCOME TAX FOR INDIVIDUALS 3 Lacs >60YEARS 1.5 Lacs DEDUCTION FOR INTEREST PAID 2 Lacs ON HOME LOANS 1 Lacs 1.5 Lacs SECTION 80C 1 Lacs 1.5 Lacs PPF LIMIT 10% LTCG TAX 20% 12 MONTHS HOLDING PERIOD FOR LTCG 36 MONTHS TAX ITEMS WHICH GOT CHEAP / AFFORDABLE LCD LED Tvs below 19 inch Computer Monitors Diamonds / Percious Stones Packaged Foods ITEMS WHICH GỌT EXPENSIVE PAN MASALA Imported Electronic goods Cigarretes Pan Masala Aereted Drinks CORPORATE TAX RATE AND SURCHARGE UNCHANGED FDI IN DEFENSE AND INSURANCE SECTORS INCREASED FROM 26% TO 49% BASIC CUSTOMS DUTY, EXCISE DUTY AND SERVICE TAX LEFT UNCHANGED CAPEX PUSH THROUGH • Sunset period for 10-year tax holiday for Power Sector extended • Investment allowance extended and minimum capex requirement lowered for Manufacturing sector • Concessional 5% witholding tax on overseas borrowings extended to all sectors SECTORS POSITIVELY IMPACTED BY THE BUDGET Infrastructure Financing Companies Housing Finance Companies Infrastructure Developers Private Banks Insurance CEMENT MENT Agri-related Companies Real Estate Cement Manufacturers Insurance Companies Players Power and Capital Goods players Defense Companies FISCAL FISCAL DEFECIT PROJECTED TO 4.1% V/S 4.5% FISCAL CONSOLIDATION ROADMAP - FISCAL DEFICIT PROJECTED AT 4.1 % (YR:14-15) 3.6% (YR:15-16) 3.1% (YR:16-17) TAX REVENUE (RS BILLION) FY15 BE 9773 GROWTH % 19.8 % FY14P 8160 2000 4000 6000 8000 10000 DISINVESTMENT (RS BILLION) FY15 BE 634 GROWTH % 129.7% FY14P 276 400 500 600 700 800 SUBSIDIES (RS BILLION) FY15 BE 2607 GROWTH % 2.0 % FY14P 2556 50 100 1500 2000 2500 3000 FOOD SUBSIDIES (RS BILLION) FY15 BE 1150 GROWTH % 25.0 % FY14P 920 1000 1200 FERTILISERS SUBSIDIES (RS BILLION) FY15 BE 730 GROWTH % 7.4 % FY14P 680 300 400 500 600 700 800 100 200 PETROLEUM SUBSIDIES (RS BILLION) FY15 BE 634 FALL % (25.8) % FY14P 855 400 600 100 800 www.indiainfoline.com

The Union Budget of India 2014-2015 at a Glance

shared by IndiaInfoline on Sep 30
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The Union Budget of India for the year 2014–2015 presented by Finance Minister, Arun Jaitley on 10 July 2014,11 am. We have simplified the main features of the same to give you a preview of the Budg...

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