Cheaper and costlier items tgro Union Budget 2016-17
Union Budget 2016: How it affects you?
NEW DELHI: Cars, cigarettes, branded garments, air travel will become more expensive, while footwear, solar lamps and routers are slated to be cheaper following a host of changes in the tax structure in the Budget for 2016-17.
As a result of additional levy of Krishi Kalyan and infrastructure cess on all services, activities including eating out and payment of bills will also become more expensive.
Continuing the trend set by his many predecessors, Finance Minister Arun Jaitleytoday imposed up to 15 per cent excise duty on all tobacco products.
Following is a list of items that will turn costlier:
1.Cars
2.Cigarettes
3.Cigar
4.Tobacco
5.All services like bill payments, eating out, air travel
6.Ready made garments and branded apparel of more than Rs 1,000
7.Gold and Silver; jewelery articles excluding silver
8.Water including mineral water, aerated water containing added sugar or sweetening matter
9.Goods and services above Rs 2 lakh in cash
10.Aluminum foil
11.Air Travel
12. Plastic bags and sacks
13.Ropeway, cable car rides
14.Imported imitation jewellery
15.Industrial solar water heater
16.Legal services
17.Lottery tickets
18.Traveling by hiring stage carriage
19.Hiring of packers & movers
20.E-reading devices
21. Instruments for VoIP (Voice over Internet Protocol)
22.Imported Golf Cars
23. Gold bars
Following is a list items that will turn cheaper:
1.Footwear
2.Solar lamp
3.Router, broadband modems and set top boxes, Digital video recorder and CCTV cameras
4.Hybrid electric vehicles
5.Sterilised dialyser
6.Low cost houses with less than 60 sq mt carpet area
7.Hiring of folk artists for performance
8.Refrigerated containers
9.Pension plans
10.Microwave ovens
11.Sanitary pads
12.Braille paper.
As a result of additional levy of Krishi Kalyan and infrastructure cess on all services, activities including eating out and payment of bills will also become more expensive.
Continuing the trend set by his many predecessors, Finance Minister Arun Jaitleytoday imposed up to 15 per cent excise duty on all tobacco products.
Following is a list of items that will turn costlier:
1.Cars
2.Cigarettes
3.Cigar
4.Tobacco
5.All services like bill payments, eating out, air travel
6.Ready made garments and branded apparel of more than Rs 1,000
7.Gold and Silver; jewelery articles excluding silver
8.Water including mineral water, aerated water containing added sugar or sweetening matter
9.Goods and services above Rs 2 lakh in cash
10.Aluminum foil
11.Air Travel
12. Plastic bags and sacks
13.Ropeway, cable car rides
14.Imported imitation jewellery
15.Industrial solar water heater
16.Legal services
17.Lottery tickets
18.Traveling by hiring stage carriage
19.Hiring of packers & movers
20.E-reading devices
21. Instruments for VoIP (Voice over Internet Protocol)
22.Imported Golf Cars
23. Gold bars
Following is a list items that will turn cheaper:
1.Footwear
2.Solar lamp
3.Router, broadband modems and set top boxes, Digital video recorder and CCTV cameras
4.Hybrid electric vehicles
5.Sterilised dialyser
6.Low cost houses with less than 60 sq mt carpet area
7.Hiring of folk artists for performance
8.Refrigerated containers
9.Pension plans
10.Microwave ovens
11.Sanitary pads
12.Braille paper.
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