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Cars, cigarettes to become dearer, pension plans cheaper

Cars, cigarettes to become dearer, pension plans cheaper

New Delhi, Feb 29 (IANS) Finance Minister Arun Jaitley on Monday in his budget proposal made a few products and services cheaper while others have become more expensive for the common people.

Things which will become dearer:

** Various tobacco products other than beedi by about 10 to 15 percent

 

** Luxury cars above Rs.10 lakh

** Jewellery articles, excluding silver jewellery, other than studded with diamonds and some other precious stones

** Imported imitation jewellery

** Gold bars (countervailing and excise duties increased to 8.75 and 9.5 percent respectively from 8 and 9 percent respectively)

** Branded readymade garments and made up textile articles with a retail sale price of Rs.1,000 and above

** Bill payments and eating out (due to additional levy of Krishi Kalyan cess on all services)

** Air travel

** Ropeway, cable car rides

** Lottery tickets

** Legal services

** Electronic reading devices

** Goods and services above Rs.2 lakh in cash

Things which will become cheaper:

** Service Tax on service of life insurance business provided by way of annuity under the National Pension System

** Service Tax on low cost houses up to a carpet area of 60 square metres in a housing project of a government scheme

** Braille paper

** Solar lamps

** Router, broadband modems

** Digital video recorders

** Set top boxes, CCTV cameras

** Microwave ovens

** Sanitary pads

** Footwear

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