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Old 02-03-2007, 05:22 PM   #13 (permalink)
hailgautam
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Join Date: Feb 2006
Location: Hyderabad
Posts: 763
Default Re: Union Budget 2007-08....How it will affect to computer hardwares ?

It was a dry budget, nothing to write home about..
1. DVDs gonna cost less if they are made in India, as the Excise Duty has been reduced from 16% to 0%.
2. Petrol - duty cut by rs. 2.
3. Basic Exemption limit was increased by Rs. 10.000 effectively reducing tax by Rs. 1000/- but on the same footing Education Cess was increased from 2% of tax to 3% of tax.
4. Medical Insurance benefit was increased from current 10/15K to 15/20K
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