Direct tax proposals to result in revenue loss of Rs 260 bn
Rs 43,000 cr raised by partial rollbacks: Swaminathan SA Iyer
Service tax rate retained at 10%, to bring more services under service tax net
Import duty on silver raised to Rs 1500 per kg
To raise excise duty from 8% to 10%
Mobile accessories market to get tax breaks
To levy clean energy cess on imported coal
Rs 1 per litre excise on petrol, diesel
To enhance duty on oil products to 10%
Raised excise duty from 5% to 10%
Custom duty on crude oil back to 5%
Enhance tax audit limits for professionals to Rs 15 lakh
To partially roll back central excise duty
Excise duty on large cars, SUVs raised to 22%, up 2%
Sops for real estate, housing projects extended by a year
Surcharge on domestic cos reduced to 7.5% from 10%, MAT increased from 15% to 18%
Saral 2 form to be rolled out for simplification of tax filing in 2010-11
Govt to provide subsidy in cash instead of bonds for fertiliser, oil
To include subsidies in fiscal accounting
Net market borrowing 2010-11 at Rs 345010 cr
Revised fiscal deficit targets for 2009-10 at 6.9%
5.5% fiscal deficit, rolling targets of fiscal defict at 4.8% in 2011-12 and 4.1% in 2012-13
15% increase in plan expenditure and 6% in non-plan expenditure
Advance tax receipts expected at Rs 746651 cr; Net tax revenue receipts at Rs 14118 cr
Defence allocation raised to Rs 147344 cr, Rs 60000 cr allocated for defence expenditure
UID authority given Rs 1900 cr
Proposes to increase subvention to 5% in repayment of farmer loans
Social sector spending at Rs 1.38 tn for FY11
Rs 2600 cr allocated to minority ministry
National Social Security fund allocation at Rs 1000 cr
Extends 1% interest subsidy scheme for affordable housing to March 2011
To create 50 cr skilled workers by 2022
Rs 1200 cr for drought mitigation in Bundelkhand region
Rs 100 cr for financial inclusion fund; Allocation for Bharat Nirman at Rs 48000 cr
