2013 Union budget of India

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2013 (2013) Union Budget of India
Emblem of India.svg
Submitted 28 February 2013
Submitted by P.Chidambaram, Finance Minister
Party INC
Website http://www.indiabudget.nic.in Official Site
2012
2014

The Union Budget of India for 2013–2014 was presented by Finance Minister, P. Chidambaram on 28 February 2013, 11 AM.[1]

Salient features of the budget[edit]

  • Total expenditure of 1658000 crore (US$240 billion)
  • Planned defence expenditure of 203000 crore (US$30 billion)
  • Education expenditure of 5000 crore (US$740 million)[2]
  • 37330 crore (US$5.5 billion) was allocated for Ministry of Health & Family Welfare in the financial year 2014.
  • 3511 crore (US$520 million) allocated to Minority Affairs Ministry.
  • 4727 crore (US$700 million) allocated for medical education and research.[3]
  • Allocation of 1000 crore (US$150 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$37 million)

Personal tax[edit]

  • There would be surcharges on the super rich(10% above whose income exceeding 10 million (US$150,000) per year.It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.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.

References[edit]

  1. ^ "Union Budget 2013 Highlights: No revision in Income Tax slabs; surcharge on Super Rich". Zee News. 28 February 2013. Retrieved 28 February 2013. 
  2. ^ "Union Budget 2013: Tech updates". The Times of India. Retrieved 3 June 2013. 
  3. ^ "Budget 2013: Highlights". Business Standard. 28 February 2013. Retrieved 28 February 2013.