Tax
1. Infrastructure and agriculture cess to be levied.
2. Excise duty raised from 10 to 15 per cent on tobacco products other than beedis
3. 1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchaseof goods and services over Rs. 2 lakh.
4. SUVs, Luxury cars to be more expensive. 4% high capacity tax for SUVs.
5. Companies with revenue less than Rs 5 crore to be taxed at 29% plus surcharge.
6. Excise 1 per cent imposed on articles of jewellery, excluding silver.There fore rates of gold jewellary will go up.
7. 5 per cent Krishi Kalyan Cess to be levied on all services.
8. Pollution cess of 1 per cent on small petrol, LPG and CNG cars, 2.5 per cent on diesel cars of certain specifications, 4 per cent on higher-end models.
9. Dividend in excess of Rs. 10 lakh per annum to be taxed at additional 10 per cent.
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