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Budget FY 24-25

Products to get cheaper

 VB  Desk

VB Desk

The tax at source on the supply of 28 essential commodities and food grains has been reduced by half to 1 percent, offering some relief to consumers struggling with high inflation.

According to the proposed budget, rice, wheat, potato, onion, garlic, peas, chickpeas, lentils, ginger, turmeric, dry chillies, dal, maize, flour, salt, edible oil, sugar, pepper, cardamom, cinnamon, cloves, dates , supply of bay leaves, jute, cotton, yarn and all kinds of fruits will be charged one percent at the source instead of the current 2 percent.

On the other hand, the total tax rate on importing packaged milk powder weighing up to 2.5 kg has been lowered from 89.32 percent to 58.60 percent.

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