<\/p>\n

\n
•          Local Body Tax to be abolished from 1st August
  \n2015. Compensation of Revenue by enhancing VAT tax rate.<\/li>\n
•          Women drawing salary upto to Rs.10000 per month
  \nexempted from Profession Tax .<\/li>\n
•          Tax rate on ladies Hand Bags and Purses reduced
  \nfrom 12.5 per cent to 5 per cent.<\/li>\n
•          Work Book, Graph Book, Drawing Book and
  \nLaboratory Book for student\u2019s tax free.<\/li>\n
•          Tax rate on LED Bulb reduced from 12.5 per cent
  \nto 5 per cent.<\/li>\n
•          Tax rate on Guide wire used in medical treatment
  \nreduced from 12.5 per cent to 5 per cent.<\/li>\n
•          Some medicines for treatment of Cancer tax free.<\/li>\n
•          Reduction of late fee for VAT Return from Rs.
  \n2000 to Rs.1000.<\/li>\n
•          Tax concession on essential commodities
  \ncontinued for one more year.<\/li>\n
•          No VAT on Service Tax.<\/li>\n
•          Rate of Excise Duty on Country liquor to be at
  \n200 per cent of manufacturing cost or Rs. 120 per proof liter, whichever is higher.<\/li>\n
•          Mobilisation of Revenue by enhanced premimum on
  \nadditional FSI.<\/li>\n
•          Entry Tax on import of Long Steel in State.<\/li>\n
•          Tax rate on Plain & Pre-laminated Particle
  \nBoard enhanced from 5 per cent to 12.5 per cent.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

           Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate.          Women drawing salary upto to Rs.10000 per month exempted from Profession Tax .          Tax rate on ladies Hand Bags and Purses reduced from 12.5 per … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[11],"tags":[61],"class_list":["post-762","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","tag-maharashtra"],"yoast_head":"\n