Bhopal: The Madhya Pradesh government on Monday raised the professional tax limit to Rs 1.80 lakh from Rs 1.5 lakh and reduced tax on chocolate, bubblegum and chewing gum to 5 percent from 13 percent.

The sops were announced by state Finance Minister Raghavj in his reply to discussion on the State Budget for 2013-14 presented by him in the Assembly last month.

The Finance Minister said despite facing some constraints, the government has not imposed any new tax in the Budget and
ensured welfare of all sections of the society.

In order to provide relief to the domestic LPG consumers, the government has reduced tax on it, he said. Stating that the state government is committed to the welfare of farmers, the minister said a bonus of Rs 150 will be paid on the per quintal minimum support price of wheat. The bonus amount is Rs 50 more than the last year.

He highlighted a number of other welfare steps taken by the government. These included the Chief Minister's self-employment scheme for youths, institution of awards for encouraging good practices in fields like organic farming, industries, women welfare, municipal bodies and sports.

The Minister described the financial condition of Madhya Pradesh, where Assembly poll is due by the year-end, as strong. The State, which had a revenue deficit of Rs 4,775 crore in 2003-04, has now become a revenue surplus state. A revenue surplus of Rs 5,214 crore has been projected for 2013-14, he said.


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