Every year, the government makes a big plan called the Budget. It decides what things will cost more, what will cost less, and how money will be spent. Here’s what changed this time ? ⸻ ? Things That May Cost MORE ? Cigarettes & tobacco products → The government increased taxes → This is done …
Every year, the government makes a big plan called the Budget.
It decides what things will cost more, what will cost less, and how money will be spent.
Here’s what changed this time ?
⸻
? Things That May Cost MORE
? Cigarettes & tobacco products
→ The government increased taxes
→ This is done to discourage unhealthy habits
? Share market trading (options & futures)
→ People who trade daily will pay a little more tax per trade
? Good to know:
These are not everyday children’s items, so families may not feel this much.
⸻
? Things That May Cost LESS (or feel easier on the pocket)
? Some medicines (especially cancer medicines)
→ Lower taxes mean treatment becomes cheaper
? Some electronic items
→ Like phones, TVs, and gadgets (price drop depends on brand)
? Electric vehicles (EVs)
→ Government wants more people to use clean transport
→ So EVs may slowly become more affordable
? Sending money abroad for education or medical treatment
→ Families will pay less tax when sending money for studies or health
⸻
? Things That Did NOT Change
✅ Income tax slabs stayed the same
→ Parents won’t pay extra tax just because of the Budget
✅ School fees, notebooks, uniforms
→ No direct increase announced
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