Blog Archives

What got costly and what got cheaper in Union Budget 2011

On Monday 28th Feb 2011, Union Minister Pranab Mukherjee present the union budget 2011.Every Indian wants to come whats new in the union budget. Things which became cheaper: Here is the list of the things which become cheaper. LED lamps Hybrid cars Solar lanterns Agarbati Diapers Sanitary Napkins Syringe needles Mobile parts Jewellery Cement Paper Things which become expensive: Health ...

Read More »

Buying House is going to be more costly

Buying House is going to be more costly henceforth as Govt. has decided to impose Tax @ 10% on 33% of the Base price of the property. This will result into hike in total price by 3.3% than what it is currently. Govt. plans to include charges like development fee, Parking Fee and premium location charges on base price usually ...

Read More »

How Budget has impacted Insurance Plans

Like many other segments, insurance plans do have an impact on Aaam Admee for paying service tax.  Finance Minister Mr. Pranab Mukharjee has proposed to remove service tax which was collected on Insurance schemes except from ones which include FMC which will result in lower premium which is a good news. What is FMC ? FMC stands for Fund Management charges which is charged when there is ...

Read More »

Official Website for Indian Budget

If you are looking around and still scratching your head where Indian Government put Official announcements and files of Indian Union Budget and Econimic survey, , is the right place for it. You can find all the previous budget and surveys detail right here. Here is the list for 2010 – 2011 Budget which you can find here: Key to Budget ...

Read More »

Which services are added under 10% Service Tax

Looks like Government have finally aimed to gather more revenue from services rather than on how much income you make which has broader spectrum than revenue generated from Income Tax becuase now you get moeny from both sides in many cases. The Latest Budget has now added more categories under 10% service tax. Here is the list : Service Promoting ...

Read More »

How much Tax you will save : Income Tax Slab changes

Finance Minister Mr. Pranab Mukherjee has given a big relief to the middle class salaried segment after his today’s Budget announcement for the next Financial year. Finance minister has proposed the following Tax slab for the individual tax payer. A comparative picture of present Tax slab & proposed Slab is as follows. ( Incomes and Savings when compared to last ...

Read More »

Indian Railway Budget : Things you should know

Indian Railway Minister, Mamta Banerjee, has laid down a special concession for the cancer patients and film technicians in this railway budget. Cancer patients going for treatment or checkups will now enjoy 100% concession in third AC. In first and second  AC the concession remains unchanged to 50%. This is inclusive of any family member going with the patient. Film ...

Read More »