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Positive and negative aspects of Union Budget

Source : SIFY
Last Updated: Mon, Feb 28, 2011 11:03 hrs

Positives Negatives
Tax exemption limit raise to Rs 1.8 lakh from Rs 1.6 lakh Air travel to become costlier
Higher exemption limit of Rs 5,00,000 for very senior citizens Excise Duty enhanced from 4 per cent to 5 per cent
Tax exemption limit for senior citizens raised to Rs 2.5 lakh from Rs 2.4 lakh AC restaurants serving liquor to come under service tax net
Senior Citizen Age Limit reduced from 65 years to 60 years tax exemption Health check-ups in Private hospitals to become expensive
Current surcharge of 7.5 pc on domestic companies proposed to be reduced to 5 pc Tax on life insurance service providers
Allocation for education increased by 24 per cent over current year Travel and healthcare to be expensive due to increased service tax
Allocation of Rs 2,14,000 crore for infrastructure; an increase of 23.3 per cent over 2010-11 Lack of FDI in retail was a disappointment
Excise duty to be reduced from 10% to 5% on parts of specified machinery  
Special incentives for hybrid vehicle makers if manufacturing done in India  
Crude palm used in sports exempted from customs  

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