Shiv Sena lauds Budget 2015 but unhappy over service tax hike
The budget acts on the premise of good governance and faith reposed by people in the government which elected it to power.
By PTI | Updated:
MUMBAI: BJP ally Shiv Sena today said the budget presented by Finance Minister Arun Jaitley today gave hope on many counts, however, it should have avoided the hike in service tax.
"There are several hopeful things about the budget. But we feel it would have been better if the service tax hike had been avoided," Sena spokesperson Neelam Gorhe said here.
"Also, we feel people should be given relief by reducing petrol and diesel rates to curb inflation," Gorhe said.
The budget acts on the premise of good governance and faith reposed by people in the government which elected it to power.
"Be it bringing back black money, providing housing to all by 2022 or schemes for farmers, senior citizens and women, the budget has many hope-giving things," she said, citing the PM Vidya Laxmi scheme for needy students.
For farmers, there is soil health card scheme while the drip irrigation scheme funds too have been raised, Gorhe said.
"Jaitley has also doubled the budget of the Nirbhaya fund to Rs 2,000 crore from Rs 1,000 crore," she noted.
"There are several hopeful things about the budget. But we feel it would have been better if the service tax hike had been avoided," Sena spokesperson Neelam Gorhe said here.
"Also, we feel people should be given relief by reducing petrol and diesel rates to curb inflation," Gorhe said.
The budget acts on the premise of good governance and faith reposed by people in the government which elected it to power.
"Be it bringing back black money, providing housing to all by 2022 or schemes for farmers, senior citizens and women, the budget has many hope-giving things," she said, citing the PM Vidya Laxmi scheme for needy students.
For farmers, there is soil health card scheme while the drip irrigation scheme funds too have been raised, Gorhe said.
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"Jaitley has also doubled the budget of the Nirbhaya fund to Rs 2,000 crore from Rs 1,000 crore," she noted.
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The limit of reduction of health insurance premium was enhanced from Rs 15,000 to Rs 25,000. For senior citizens this limit has been increased from Rs 20,000 to Rs 30,000.
"For senior citizen above the age of 80 years, not eligible to take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure. Deduction limit of Rs 60,000 on expenditure on account of specified diseases is enhanced to Rs 80,000 in the case of senior citizens," Jaitley said.
Additional deduction of Rs 25,000 is allowed for differently-abled persons, increasing the limit from Rs 50,000 to Rs 75,000. It is also proposed to increase the limit of deduction from Rs 1 lakh to Rs 1.25 lakh in case of severe disability.
Jaitley also proposed to provide that investment in Sukanya Samriddhi Scheme will be eligible for deduction under section 80C of the income-tax and any payment from the scheme shall not be liable to tax.
Limit on deduction on account of contribution to a pension fund and the new pension scheme is proposed to be increased from Rs 1 lakh to Rs 1.5 lakh.
Additional deduction of Rs 50,000 will be allowed for contribution to the new pension scheme u/s 80 CCD increasing from Rs 1 lakh to Rs 1.5 lakh.
"For senior citizen above the age of 80 years, not eligible to take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure. Deduction limit of Rs 60,000 on expenditure on account of specified diseases is enhanced to Rs 80,000 in the case of senior citizens," Jaitley said.
Additional deduction of Rs 25,000 is allowed for differently-abled persons, increasing the limit from Rs 50,000 to Rs 75,000. It is also proposed to increase the limit of deduction from Rs 1 lakh to Rs 1.25 lakh in case of severe disability.
Jaitley also proposed to provide that investment in Sukanya Samriddhi Scheme will be eligible for deduction under section 80C of the income-tax and any payment from the scheme shall not be liable to tax.
Limit on deduction on account of contribution to a pension fund and the new pension scheme is proposed to be increased from Rs 1 lakh to Rs 1.5 lakh.
Additional deduction of Rs 50,000 will be allowed for contribution to the new pension scheme u/s 80 CCD increasing from Rs 1 lakh to Rs 1.5 lakh.
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