2013 Union budget of India

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2013 (2013) Union Budget of India
Emblem of India.svg
Emblem of India
Submitted28 February 2013
Submitted byP.Chidambaram, Finance Minister
PartyINC
Websitehttp://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 ₹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[edit]

  • 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 It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.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[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. Archived from the original on 29 July 2013. Retrieved 3 June 2013.
  3. ↑ "Budget 2013: Highlights". Business Standard. 28 February 2013. Retrieved 28 February 2013.
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