The Chief minister of Tamil Nadu, O Panneer Selvam presented the state budget for the financial year 2015-2016 on 25th March 2015. The major highlights are listed below.
Tamil Nadu Budget 2015-2016 Highlights
Tamil Nadu Budget 2015-2016 Highlights
- No new taxes were imposed
- Total budget deficit 4,616 crores
- Fiscal deficit - 2.89 % of State GDP
- VAT exemption for fishing accessories
- VAT reduction form 14.5% to 5% for Cell phones, LED lights and Motor Pumps
More will be added in the upcoming days...
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