– Clean energy cess of Rs.50 per tonne on coal produced in India
– Concessional duty of 4 percent for solar power rickshaw developed by Council of Scientific and Industrial Research
– Concessional customs duty of 5 percent for cable TV operators for importing equipment
– Toys fully exempt from central excise duty
– Service sector tax retained at 10 percent to aid the introduction of GST; more services to be taxed
– Accredited news agencies exempt from service tax
– Net revenue gain Rs.22,500 crore
– Taxes on large cars and SUVs increased 2 percent to 22 percent
– Basic duty of 5 percent on crude oil restored
– Tax on cigarettes, cigars and chewing tobacco increased
– Rs. 26,000 crore revenue loss due to reduction of direct taxes
– Partial roll back of reduction in central excise duty Continue reading Indian Budget 2010 – Highlights |Income Tax Ready Reckoner
