 | |
| 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
- Total expenditure of ₹1,658,000 crore (US$230 billion)
- Planned defence expenditure of ₹203,000 crore (US$28 billion)
- Education expenditure of ₹5,000 crore (US$700 million)[2]
- ₹37,330 crore (US$5.2 billion) was allocated for Ministry of Health & Family Welfare in the financial year 2014.
- ₹3,511 crore (US$490 million) allocated to Minority Affairs Ministry.
- ₹4,727 crore (US$660 million) allocated for medical education and research.[3]
- Allocation of ₹1,000 crore (US$140 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$35 million)
Personal tax
- There would be surcharges on the super rich (10% above whose income exceeding ₹10 million (US$140,000) 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 It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.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
- ↑ "Union Budget 2013 Highlights: No revision in Income Tax slabs; surcharge on Super Rich". Zee News. 28 February 2013. Retrieved 28 February 2013.
- ↑ "Union Budget 2013: Tech updates". The Times of India. Archived from the original on 29 July 2013. Retrieved 3 June 2013.
- ↑ "Budget 2013: Highlights". Business Standard. 28 February 2013. Retrieved 28 February 2013.
{{#seo: |keywords=Union budgets of India, 2013 in Indian economy |description= }}