2013 Union budget of India

2013 Union Budget of India

Emblem of India
Submitted	28 February 2013
Submitted by	P.Chidambaram, Finance Minister
Party	INC
Website	http://www.indiabudget.nic.in Official Site
‹ 2012 2014 ›

The Union Budget of India for 2013–2014 was presented by Finance Minister, P. Chidambaram on 28 February 2013, 11 AM.^[1]

Salient features of the budget

• Total expenditure of ₹1,658,000 crore (US$250 billion)
• Planned defence expenditure of ₹203,000 crore (US$30 billion)
• Education expenditure of ₹5,000 crore (US$740 million)^[2]
• ₹37,330 crore (US$5.5 billion) was allocated for Ministry of Health & Family Welfare in the financial year 2014.
• ₹3,511 crore (US$520 million) allocated to Minority Affairs Ministry.
• ₹4,727 crore (US$700 million) allocated for medical education and research.^[3]
• Allocation of ₹1,000 crore (US$150 million) for Nirbhaya Fund to empower women and increase their safety
• Setting up a National Institute for Sports to train coaches in Patiala Punjab at a cost of ₹2.5 billion (US$37 million)

Personal tax

• There would be surcharges on the super rich(10% above whose income exceeding ₹10 million (US$150,000) per year.It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.
• No changes in personal income tax slabs.But a special redemption of Rs. 2,000 has been given for income group between Rs. 2 to 5 Lakhs.

References

1. "Union Budget 2013 Highlights: No revision in Income Tax slabs; surcharge on Super Rich". Zee News. 28 February 2013. Retrieved 28 February 2013.
2. "Union Budget 2013: Tech updates". The Times of India. Retrieved 3 June 2013.
3. "Budget 2013: Highlights". Business Standard. 28 February 2013. Retrieved 28 February 2013.