Gains and Losses from Budget 2012-13

Bangalore: Here is what you gain and what you lose on account of the budget proposals presented by Finance Minister Pranab Mukherjee: Gains: - Minimum exemption limit for income tax raised to 2,00,000 from 1,80,000 - Tax slabs raised: In 2-5 lakh bracket levy will be 10 percent, for income between 5-10 lakh levy would be 20 percent and above 10 lakh it is 30 percent - Further exemption of 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