The 2013 Union Budget of India was presented by Finance Minister,
P. Chidambaram on 28 February 2013, 11 AM.[1]
Salient features of the budget
Total expenditure of ₹1,658,000 crore (US$200 billion)
Planned defence expenditure of ₹203,000 crore (US$24 billion)
Education expenditure of ₹5,000 crore (US$600 million)[2]
₹37,330 crore (US$4.5 billion) was allocated for Ministry of Health & Family Welfare in the financial year 2014.
₹3,511 crore (US$420 million) allocated to Minority Affairs Ministry.
₹4,727 crore (US$570 million) allocated for medical education and research.[3]
Allocation of ₹1,000 crore (US$120 million) for Nirbhaya Fund to empower women and increase their safety
Setting up a National Institute for Sports to train coaches in Patiala Punjab at a cost of ₹2.5 billion (US$30 million)
Personal tax
There would be surcharges on the super rich (10% above whose income exceeding ₹10 million (US$120,000) per year. It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.
No changes in personal income tax slabs. But a special redemption of Rs. 2,000 has been given for income group between Rs. 2 to 5 Lakhs.
The 2013 Union Budget of India was presented by Finance Minister,
P. Chidambaram on 28 February 2013, 11 AM.[1]
Salient features of the budget
Total expenditure of ₹1,658,000 crore (US$200 billion)
Planned defence expenditure of ₹203,000 crore (US$24 billion)
Education expenditure of ₹5,000 crore (US$600 million)[2]
₹37,330 crore (US$4.5 billion) was allocated for Ministry of Health & Family Welfare in the financial year 2014.
₹3,511 crore (US$420 million) allocated to Minority Affairs Ministry.
₹4,727 crore (US$570 million) allocated for medical education and research.[3]
Allocation of ₹1,000 crore (US$120 million) for Nirbhaya Fund to empower women and increase their safety
Setting up a National Institute for Sports to train coaches in Patiala Punjab at a cost of ₹2.5 billion (US$30 million)
Personal tax
There would be surcharges on the super rich (10% above whose income exceeding ₹10 million (US$120,000) per year. It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.
No changes in personal income tax slabs. But a special redemption of Rs. 2,000 has been given for income group between Rs. 2 to 5 Lakhs.