Budget 2013-14 Highlights

Budget for 2013-14 presented in the Lok Sabha Thursday by Finance Minister P. Chidambaram. Few highlights are as under:

 

* No plans to revise direct tax rates * Surcharge of 10% on Rs 1 crore plus income earners.

* Rs 532 crore to make post offices part of core banking. 

* PSU banks to have ATMs at all their branches by March 31, 2014. 

* Rs 80,194 crore allocation for Ministry of Rural Development in 2013-14. About Rs 33,000 crore for MGNREGA.

* TDS of 1% on land deals over Rs 50 lakh, agricultural land exempted. 

* Commodity transaction tax introduced.

 

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