Budget 2016: Cars, cigarettes, eating out, travel get costlier
Buying a car just got costlier as Finance Minister Arun Jaitley has announced a 1% additional tax on cars costing above Rs 10 lakh. Small cars too have not been spared as a 1% infra cess has been levied on them.union budget Updated: Feb 29, 2016 18:02 IST
Cars, cigarettes, branded garments, air travel will become more expensive, while footwear, solar lamps and routers are slated to be cheaper following a host of changes in the tax structure in the Budget for 2016-17.
As a result of additional levy of Krishi Kalyan and infrastructure cess on all services, activities including eating out and payment of bills will also become more expensive.
Here is a list of things that have become more expensive
Cars Buying a car just got costlier as Finance Minister Arun Jaitley has announced a 1% additional tax on cars costing above Rs 10 lakh. Small cars too have not been spared as a 1% infra cess has been levied on them.
A 2.5% infra cess will be imposed on diesel cars.
Jaitley also said that a 4% additional levy will be imposed on high-capacity passenger vehicles and SUVs.
Cigarettes: Cigarette prices will also go up as the finance minister proposed to hike excise duty on tobacco (except bidis) by 10-15 per cent .
Jewellery: A 1 percent excise duty has been levied on gold and diamond jewellery.
Aerated drinks (Coke, Pepsi) and Mineral water will get costlier by 3%
Bills: All services like bill payments, eating out, air travel
Clothes: Ready made garments and branded apparel of more than Rs 1,000
Goods and services above Rs 2 lakh in cash
Ropeway, cable car rides
Industrial solar water heater
Traveling by hiring stage carriage
Hiring of packers & movers
Instruments for VoIP (Voice over Internet Protocol)
Imported Golf Cars
Following is a list items that will turn cheaper:
Router, broadband modems and set top boxes, Digital video
recorder and CCTV cameras
Hybrid electric vehicles
Low cost houses with less than 60 sq mt carpet area
Hiring of folk artists for performance
First Published: Feb 29, 2016 13:17 IST