What's Costly and What's Cheap? 10 Takeaways from Budget 2016
Eat Out and Watching Movies
The new levy of Krishi Kalyan cess on all services makes eating out and movies a costlier affair. The rise from 14.5pct to 15pct, that’s a total rise of 0.5pct. Buying property and insurance will also experience a rise in price due to this new tax imposition.
Air travel
In the promise to grow a robust transport infra structure, Jaitley imposed an excise duty on aviation turbine fuel (ATF) shot up to 14pct from present 8pct, making air travel indeed a costly affair for middle class Indians. This reflect a 6pct hike in air travel cost applicable to all airlines across the country as the proposal for SCAs and the regional connectivity scheme are yet to be implemented.
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