BUDGET HIGHLIGHTS

CGT on shares raised
-- Non-filers to pay more tax on transactions
-- All income of banks to be taxed at 35% plus 4% super tax
-- Future contracts on PMEX to be taxed 0.1% per transaction
-- Advance I/Tax threshold reduced to Rs 75,000 from Rs 100,000 on domestic electricity bills
-- Unit holders of REIT to be treated at par with Mutual Funds
-- Non-dividend paying companies to pay 10% tax
-- Super rich individuals, AOPs and companies earning over Rs 500 million to pay a 3% additional tax
-- Tax rates for companies reduced to 32% for tax year 2016
-- 10-year tax holiday on investment in transmission lines
-- Tax credit investment in shares raised to Rs 1.5 million
-- Tax credit on enlistment raised to 20%
-- Small company capital limit raised to Rs 50 million
-- Cigarettes to cost more
-- Further tax rate doubled
-- Cellphone import made costlier
-- FED on aerated water raised
-- Housing credit mark-up raised to Rs 1 million
-- Rice mills exempted from minimum tax
-- Government employees pay raised
-- Pensioners'' monthly pay & investment threshold raised
-- Widows of suicide attacked victims to be helped.