Finance Minister Nirmala Sitharaman is presenting the Union Budget for the financial year 2024-25 today. In this he has made many big announcements, due to which the prices of things may increase or decrease. This time the Finance Minister has reduced the custom duty on 7 items and increased it on 2 items. This means that 7 products can be cheap and 2 can be expensive. Let us know which things have become expensive and which have become cheaper in the budget.
Prices of these things will decrease after the budget
Finance Minister Nirmala Sitharaman has given great relief to cancer patients in their treatment. Custom duty has been reduced on medical medicines and equipment used in cancer related diseases. This will make cancer treatment cheaper.
The Finance Minister has also given a big gift to women. He has reduced the custom duty on gold and silver to 6 percent. With this, jewelery made of gold and silver will become cheaper. This will be a big relief for jewelery lovers, because the prices of gold and silver are continuously increasing.
Besides, the Finance Minister has also reduced taxes on mobile phones, mobile chargers, electrical wires, X-ray machines and solar sets. Along with leather goods, the price of lobster will also reduce.
Announcement to make these things expensive
The Finance Minister has increased the basic custom duty on some telecom equipment. Earlier there was 10 percent basic custom duty on these products, but now it will be 15 percent.
The government has also increased the custom duty on plastic products. This means that the prices of things made of plastic may also increase after the budget.
Tax has also been increased on solar glass used to make solar cells or solar modules. This means that installing a solar system may now be a bit expensive.
| Cheap | Expensive |
| Gold-Silver | Laboratory Chemicals |
| phone and charger | betel nut |
| electronic goods | plastic products |
| X-Ray Tube | Telecom Equipment |
| Cancer Medicines | Solar Glass |
Tax rate should be down.