Gains and losses from Budget 2012-13

Here is what you gain and what you lose on account of the budget proposals presented by Finance Minister Pranab Mukherjee Friday:

Gains:

– Minimum exemption limit for income tax raised to Rs.2,00,000 from Rs.1,80,000

– Tax slabs raised: In Rs.2-5 lakh bracket levy will be 10 percent, for income between Rs.5-10 lakh levy would be 20 percent and above Rs.10 lakh it is 30 percent

– Further exemption of Rs.5,000 for those going for preventive health check-up

– LCD, LED television sets will become cheaper due to excise duty cuts

– Life saving drugs, branded ready made garments will cost less

– Electric vehicles may cost less as duty breaks extended to batteries

Losses:

– Most daily use items will be dearer as excise duty on manufactured goods is raised

– Treatment in private hospitals will cost more

– Air travel, hotel stay, hiring a lawyer is going to cost more

– Luxury cars, gold, polished gems to become dearer

– Cars whose length is more than four metres and engine capacity (1,200 cc for petrol) (1,500 cc for diesel) will be costlier

– Smokers and tobacco users will pay more for cigarettes, beedis, pan masala

– Buyers will have to shell out more for liquor too