The increase in the water charge took effect on Friday itself a month earlier than it was expected likely because of the acute financial crisis.
The budget projects a revenue receipt of Rs 1.35 lakh crore and a revenue expenditure of Rs 1.76 lakh crore. Revenue deficits of Rs 23,942 crore (2.1 per cent of GSDP). Fiscal deficit of Rs 39,662 crore (3.5 per cent of GSDP).
A tax of 5% would be levied on total income between Rs 3 lakh and Rs 6 lakh, a 10% tax would be imposed on income between Rs 6 lakh to Rs 9 lakh, it would be 15% on income between the range of Rs 9 lakh to Rs 12 lakh.