-
1% additional cess on all taxes to fund
secondary education
-
100% subsidy to small farmers, 50% subsidy for
other farmers
-
Ad valorem duty on petrol, diesel down
-
Advalorem duty on petrol, diesel cut to 6%
-
Capital gains tax on art works
-
Central State Tax rate to be reduced
-
Coking coal exempted from customs duty
-
Corporate tax surcharge scrapped for small
companies
-
Credit rating must for SMEs
-
Customs duty on man-made yarn & poly fibre cut
to 7.5%
-
Customs duty on plastics reduced to 7.5%
-
Customs duty on polished gems cut
-
Customs duty on polyester to be reduced from
10 % to 7.5 %
-
Dividend distribution tax raised to 15% from
12.5%
-
Duties on PTA, MEG and DMT cut to 7.5%
-
Duties on seconds and defective Steel reduced
from 20 to 10 %
-
Duty cuts from 5-3% to help domestic trade
-
Duty on food processing machines cut to 5%
-
Duty on sunflower oil to be reduced by 15 %
-
E-Governance expenditure hiked to Rs 179 cr
-
ESOPs under Fringe Benefit Tax
-
Excise duty for plywood reduced from 16 % to 8
%
-
Excise duty on cigarettes up by 5%
-
Fiscal deficit target at Rs 1,50,94 cr
-
Focus on mega power projects
-
Import duty cut on medical equipment to 7.5%
-
Import duty of 15 specified machinery to be
reduced from 7.5 % to 5 %
-
Irrigation and food processing tariffs cut to
5%
-
Lower duty on edible oils
-
Minimum Alternate Tax extended to I-T
companies
-
Mortgage guarantee companies to be set up
-
No change in CENVAT rates
-
No change in corporate income tax
-
No change in Security Transaction Tax, capital
gains tax
-
No change in service tax rate
-
Overseas investment exceeds portfolio
investment
-
Overseas investment to be allowed by
individuals via MFs
-
PAN mandatory for security transactions
-
Peak customs duty on non-agro products cut to
10%
-
Per capita income for FY06 up 7.6%
-
Pet food duty cut to 20%
-
Reduction in excise duty on umbrella parts,
bio-diesel and water pipes
-
Reverse mortgage scheme for senior citizens
-
Service tax applicable to development of
telecom advertising
-
Special funds for coffee, spices, rubber
-
Special Purpose Tea Fund to rejuvenate tea
production
-
Tax benefit on R&D extended by 5 years
-
Watch, Umbrella duties cut to 5%
-
Water purification devices, small and big,
fully exempted from excise
-
Weather-based crop insurance schemes