Budget 2016 is out and we heard you cringing over its complex concepts, which is why we thought of bringing the best of budget in a nutshell. Since we’ve all been patiently waiting for Mr. Jaithley to pop-open his Pandora’s box like briefcase, let’s have a look at things that might impact us the most:
Mineral water and soft drinks would cost 3% more than what you paid earlier.
Shopping therapy wouldn’t be relaxing any longer as branded clothes are now costlier.
Cars got costlier as buyers will pay 1% to 4% more over and above the on-road price.
Be ready to pay more per puff as cigarettes got expensive by 10%-15% depending on what you smoke.
Eating out will be more expensive post June 1st 2016.
Evoke the entrepreneur in you as you’d get tax exemption for 3 years if you put up a start-up.
Start cutting down on your power consumption or be ready for a rude shock as the tax on it has been doubled.
Stuck between EMI or Rent? Pick EMI any day as you’d get a rebate of Rs 50000 on interest for a loan up to Rs 35 lakh.
Your mobile bills got dearer as you’d pay additional 0.5% tax from now on. But relax as Bill Bachao can still help you save up to 30% on your mobile bills. Try it here, it’s free!
Lastly, all your expectations about Income Tax slab relaxation were in vain as they continue to remain the same.
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