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List of things to get costlier from today

Last Updated: Monday, April 1, 2013 - 08:40

Zeebiz Bureau

New Delhi: Financial year 2013-14 will usher in a lot of changes that is sure going to pinch your pocket.

You will wake up to see an expensive Monday, as all the announcements made in the Union Budget 2013-14 by Finance Minister P Chidambaram will come into effect.

Here is the list of five things that is going to be dearer from April 1, 2013...

Train fare: Travelling in trains is set to become costlier from Monday as the hike in reservation fee and superfast charges announced in the Rail Budget come into effect from April 1. Besides hike in passenger fares, freight rate for all commodities will also go up by about 5.7 percent on Monday. While reservation fee for second and sleeper class has not been revised, AC classes will be dearer by Rs 15 to Rs 25 per ticket.

Superfast charges have been increased by Rs 10 for sleeper and second class fare. For AC classes, the hike is between Rs 15 and Rs 25.

Tatkal fee has been increased by 10 percent of the basic fare for second class and 30 percent for all other AC classes. While cancellation charges have been increased by Rs 10 to Rs 50 per ticket for confirmed tickets, clerkage charge for cancellation of waiting list and RAC tickets will be hiked by Rs 5 for sleeper class and Rs 10 for AC class.

DND toll rates: Commuters on Delhi-Noida-Delhi (DND) Flyway will have to shell out extra money to travel from Monday. Car users will have to pay Rs 25 as toll fees, Rs 3 more while two wheelers users will have to pay Rs 12, Re 1 more than usual.

Car & bike insurance: Insurance of car and bike will be expensive by 20% from April 1 onwards. Even vehicle parking fees will shoot upwards from Monday.

Luxury houses: Luxury homes would become more expensive from Monday after the Budget 2013 reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75% earlier.

The rate of abatement or deduction is used in calculation of service tax to be paid by the developer. Reduction in abatement will result in higher input cost that will be considered for calculation of service tax.

Eating out in AC restaurants: The foodies should get ready to shell out more as eating out in air-conditioned restaurants will be expensive from April 1. This is an after effect of the Union budget that had proposed to levy a service tax of 12% on all AC restaurants over and above the applicable VAT.

Before this, service tax was levied only on restaurants and hotels serving liquor. However, this new budgetary announcement brings every big and small restaurant having ACs under its ambit.

First Published: Sunday, March 31, 2013 - 21:54
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