Union Budget 2012 increases mobile bills


Union Budget 2012 increases mobile bills


Pranab Mukherjee, the Finance Minister of India has presented the union budget for the financial year for 2012-13 today. Here are some of the highlights of the Budget 2012 that can actually have an impact on the IT industry.

  • Service tax shoots up resulting in an increase in the mobile bills.

  • LED and LCD panels have no custom duty. The prices of laptops, PC monitors and TVs reduce.
  • Mobile phone parts have no basic customs duty. Might reduce the prices of low end mobile phones that are manufactured in India.
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