What is expensive and What is cheaper – Budget – 2016

What becomes expensive?

– 0.5 per cent Krishi Kalyan Cess on all taxable services with effect from 1st June, 2016 which will increase all services bills like – telephone, restaurant, school fees etc

-Increase in price for luxury cars – The budget has imposed a tax collected at source of 1 % on purchase of luxury cars exceeding value of INR 10 lakhs. Further, an Infrastructure cess has been levied as below

-1 per cent: Petrol/LPG/CNG driven motor vehicles of length not exceeding 4m and engine capacity not exceeding 1200cc

– 2.5 per cent: Diesel driven motor vehicles of length not exceeding 4m and engine capacity not exceeding 1500cc

– 4 per cent: Other higher engine capacity motor vehicles and SUVs and bigger sedans

– Tobacco and Tobacco Products

– Branded readymade garments and made up articles of textiles of retail sale price of Rs 1000 or more

– Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavored

-Precious metals & Jewellery

– Aluminum foil

– Air Travel

– Plastic bags and sacks

– Ropeway, cable car rides

– Imported imitation jewellery

– Industrial solar water heater

– Legal services

– Lottery tickets

– Traveling by hiring stage carriage

– Hiring of packers & movers

– E-reading devices

– Instruments for VoIP (Voice over Internet Protocol)

– Imported Golf Cars

– Gold bars

What becomes cheaper?

– Footwear

– Solar lamp

– Router, broadband modems and set top boxes, Digital video recorder and CCTV cameras

– Hybrid electric vehicles

– Sterilised dialyser

– Low cost houses with less than 60 sq mt carpet area

– Hiring of folk artists for performance

– Refrigerated containers

– Pension plans

– Microwave ovens

– Sanitary pads

– Braille paper


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s