Here is a list of what ndtv.com surfers listed as the best and worst parts of Union Budget 2014.
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New Delhi:
Here is a list of what ndtv.com surfers listed as the best and worst parts of Union Budget 2014.
Most-liked announcements:
- PPF: Annual ceiling raised to Rs. 1.5 lakh
- Income tax exemption limit raised to Rs. 2.5 lakh
- Tax exemption on home loans raised from Rs. 1.5 lakh to Rs. 2 lakh
- Ups 80C investment cap to Rs. 1,50,000 vs Rs. 1 lakh currently
- For senior citizens, no tax for income upto Rs. 3 lakh per annum
- To raise tax exemption investment limit from 1 to Rs. 1.5 lakh
- National Sports Academies to be set up across India
- Rs. 500 crore for rehabilitation of displaced Kashmiri migrants
- Rs. 100 cr for Beti Bachao, Beti Padhao Yojna for women's welfare
- Government to add 12 more government medical colleges
Most-disliked:
- Budgetary Allocations: Rs. 200 crore for Sardar Patel statue in Gujarat
- No change in tax rate
- Service tax proposed on radio taxis
- Ups long-term capital gain tax on MFs to 20% vs 10%
- Long term capital gains tax rate on MFs raised to 20% (36 months)
- Additional duty on imported computer components
- Direct Tax: No changes in surcharge
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