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Wednesday, March 25

Tamil Nadu Budget 2015-2016 Highlights

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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

  • 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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