2013 Union budget of India

The 2013 Union Budget of India was presented by Finance Minister, P. Chidambaram on 28 February 2013, 11 AM.[1]

2013 (2013) Union Budget of India
Submitted28 February 2013
Submitted byP. Chidambaram, Finance Minister
PartyINC
Websitehttp://www.indiabudget.nic.in Official Site
‹ 2012

Salient features of the budget

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  • Total expenditure of 1,658,000 crore (US$200 billion)
  • Planned defence expenditure of 203,000 crore (US$24 billion)
  • Education expenditure of 5,000 crore (US$600 million)[2]
  • 37,330 crore (US$4.5 billion) was allocated for Ministry of Health & Family Welfare in the financial year 2014.
  • 3,511 crore (US$420 million) allocated to Minority Affairs Ministry.
  • 4,727 crore (US$570 million) allocated for medical education and research.[3]
  • Allocation of 1,000 crore (US$120 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$30 million)

Personal tax

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  • There would be surcharges on the super rich (10% above whose income exceeding 10 million (US$120,000) 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 It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.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

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  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. India. 28 February 2013. Retrieved 28 February 2013.