TAX REDUCTION:
Reduction on income tax for taxpaying agriculturalist other than companies
Reduction of taxes on coconut
Taxes exempted for hotel rooms of up to rs200/-and for ‘Kalyanamandapams’ and Convention centers whose rent is up to rs3000/-
Taxes cut down to 4% on eco-friendly recycled lubrication oils, hot boxes and CFLs
Taxes brought down to 4% on concrete cement pipes
Taxes exempted for hand woven cloths, bed sheets and pillow covers
TAX INCREASE:
Tax reduction earlier provided for handmade soap industries will be reserved only those with a sales of less than 25lakhs
Taxes on life saving medicines raised to 4%
Tax raised to 12.5% on rock metals and M. Sands produced at those crushers that do not pay compound tax
Tax will raise by 10% on Trailers, goods trucks, tourist buses and other private vehicles that provide commercial service
Tax rise on cigarettes and pan masalas
PRICE RISE: Luxury cars, Flats, Used Cars, Transfer of Land, Cosmetics, Transfer of Demat Shares, Pan masala, Lifesaving Medicines,
PRICE REDUCTION: Hand Weaven Cloths, Bed Sheets, Pillows, Plastic or Rubber Slippers, Hand Made Soaps, Hot Boxes, CFL Lamps
