The West Bengal Budget for 2012-13 proposes an additional taxation of 200 crore rupees. The budget placed in the State Assembly by the Finance Minister Dr. Amit Mitra on Friday shows an overall deficit of 9 crore rupees. Additional revenue proposes to be earned by increasing sales tax on country made liquor, Motor car priced above 10 lakh rupees, Television set priced above 25 thousand rupees, Mobile phones cost exceeding 20 thousand rupees, Watches priced above 15 thousand rupees and Air-conditioner with capacity above 1 ton. On the other hand, sales tax on a number of items have been reduced. These include payments of VAT on empty LPG cylinders, ballons, paneer, wooden box and kite sticks. Dr. Mitra in his budget speech also announced raising of exemption limit of professional tax for salaried people from 3 thousand rupees per month to 5 thousand rupees per month. The Finance Minister proposed to setup ‘Health Bank for all’ to deliver Health Care System at grass-root level. The other features of the budget include Agri-production center in each block, construction of fishing harbor at Haripur, launching of new ‘Karmasiksha Prakolpa’ in 2 hundred schools. Dr. Mitra said that the state’s total plain outlay in the next fiscal will be 23 thousand 371 crore rupees with an increases of around 12 percent than previous year. The budget also put emphasis on employment generation and development of infrastructural facilities.
News On AIR | March 23, 2012 6:45 PM
Bengal Budget proposes additional taxation of 200 Cr