Union Budget 2013-14 : Highlights and Oral Analysis for plus / minus

Indian Parliament, Delhi dated 28th Feb'2013: "Madam Speaker, I rise to present the Budget for the year 2013-14. I recall my last tenure as Finance Minister and acknowledge with gratitude the splendid support that I received from all sections of the House as well as the people of India. Today, more than ever, I seek the same.... ": words for the Budget 2013-14 by P. Chidambaram when presenting 8th time.

Nothing is in the Union Budget 2013-14 for middle class people. More than one hour Our Finance Minister speech is too good, like going to best budget for the Indian Middle / lower Middle Class peoples as filmy promo. But when the Budget – 2013's words are become voice from the paper by Mr. Chidambaram, It's goes flop film. Nothing is in that.

Even as per Finance Guru's, Statistics Masters, Tax Exports and Media and News fellow do the analyses of that as Speech begins. There is only one thing is bigger. Richer has to pay more Tax. All are remain like past budgets history. On the 1^st Day of the March 2013, I feel that our Finance Minister Mr. P. Chidambaram is just doing new thing as above given. Rest of all things are copied from last 7 Budgets papers, do some minor correction in the favor of govt. only, not for common man of the Indian.

People of the India whether they are liable or not to pay tax, or they are not paying taxes looking for some good thing in the Budget 2013-14, they think budget may bring down price hike from consumer products and services.

Let's look some Highlights of the Budget [Brief]:

• 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
• Direct Taxes Code (DTC) bill to be introduced in current Parliament session
• Duty-free limits raised to Rs 50000 for men and Rs 1 lakh for women
• 18% rise in excise duty on Cigarattes, cigars and cheerots
• Service tax on all A/C restaurants
• Royalty tax hiked from 10% to 25%
• Tax Deducted at Source to be fixed at 1% on land deals over Rs 50 lakh
• 5 to 10 per cent surcharge on domestic companies whose taxable income exceeds Rs 10 crore
• 11 lakh beneficiaries have received benefit under Direct Benefit Transfer scheme. Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government.

More Detail on The Hindu

But Budget 2013: Visible impetus on growth, How? Check here on REUTERS