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Union Budget 2016 Price Alert, List of Items Got Cheaper & Dearer

Union Budget

Amid high expectation, Finance Minister Arun Jaitley has released NDA-government’s full Union Budget 2016 in Parliament. Whereas increase in service tax rate to 14 per cent would construct a various things more expensive the finance minister safe the common man from price alerts on various usually used day-to-day items by maintaining the functions unaffected. Now we’re going to provide you the Highlights of Union Budget 2016 with List of Items Got Cheaper & Dearer as indicated below, please have a look….

Union Budget 2016 Price Alert

As an effect of further tax of Krishi Kalyan and infrastructure imposition on all services, actions with eating out and compensation of bills will also turn into more costly and diminution in excise tax on leather foots resultant leather things 2-3% cheaper.

Arun Jaitley India Budget Live News

Union Budget

Finance Minister Arun Jaitley today entailed up to 15% tax on all tobacco goods with enduring the tendency position by his lots of ancestors. Now check the list of item from below section that will turn into Cheaper & Dearer, take a look:

Following is a list of items that will turn costlier:

  • Air Travel
  • Aluminum foil
  • Plastic bags and sacks
  • Ropeway, cable car rides
  • Imported imitation jewellery
  • Industrial solar water heater
  • Legal services
  • Lottery tickets
  • Cars
  • Tobacco
  • All services like bill payments, eating out, air travel
  • Readymade garments and branded apparel of more than Rs 1,000
  • Gold and Silver; jewelery articles excluding silver
  • Cigarettes
  • Cigar
  • Water including mineral water, aerated water containing added sugar or sweetening matter
  • Goods and services above Rs 2 lakh in cash
  • Traveling by hiring stage carriage
  • Hiring of packers & movers
  • E-reading devices
  • Instruments for VoIP (Voice over Internet Protocol)
  • Imported Golf Cars
  • Gold bars

Rail Budget 2016 Highlights

Following is a list items that will turn cheaper:

  • Hiring of folk artists for performance
  • Refrigerated containers
  • Pension plans
  • Footwear
  • Solar lamp
  • Router, broadband modems and set top boxes, Digital video recorder and CCTV cameras
  • Sanitary pads
  • Braille paper
  • Hybrid electric vehicles
  • Sterilised dialyser
  • Low cost houses with less than 60 sq mt carpet area
  • Microwave ovens

Important Highlights of Union Budget

6 Ways to Pay Less Tax

The Union Budget 2016 revealed by Arun Jaitely was admired by populace on social media and ordinary media. On the other hand, Finance minister acquired thumbs up from Prime Minister Narendra Modi as he hailed the Budget 2016 as ‘progressive, positive, practical, pragmatic and prudent’.

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