Maharashtra State Budget 2015-16

1. Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate.
2. No VAT on Service Tax.
3. Women drawing salary upto to Rs.10000 per month exempted from Profession Tax .
4. Tax rate on ladies Hand Bags and Purses reduced from 12.5 per cent to 5 per cent.
5. Work Book, Graph Book, Drawing Book and Laboratory Book for student's tax free.
6. Tax rate on LED Bulb reduced from 12.5 per cent to 5 per cent.
7. Tax rate on Guide wire used in medical treatment reduced from 12.5 per cent to 5 per cent.
8. Some medicines for treatment of Cancer tax free.
9. Reduction of late fee for VAT Return from Rs. 2000 to Rs.1000.
10. Tax concession on essential commodities continued for one more year.
11. Rate of Excise Duty on Country liquor to be at 200 per cent of manufacturing cost or Rs. 120 per proof liter, whichever is higher.
12. Mobilization of Revenue by enhanced premium on additional FSI.
13. Entry Tax on import of Long Steel in State.
14. Tax rate on Plain & Pre-laminated Particle Board enhanced from 5 per cent to 12.5 per cent.