New tax measures to fetch Rs 104 billion
--- Value-added tax on commercial importers raised to 3 percent from 2 percent
--- No tax on taxable income below Rs 350,000
--- Capital Gain Tax rate on shares stays at 10 percent for one more year
--- 10% final tax on non-residents investments in T-bills & PIBs
--- Same tax treatment for Voluntary Pension Schemes as in the case of approved superannuation fund
--- Banks allowed to carry over bad debts provisions for five years on advances to consumers and SMEs
--- Minimum tax on gross annual turnover in loss cases allowed to be carried forward from three years to five years
--- Cigarettes to become more expensive
--- Dividend received by a bank from its asset management company to be taxed @20 percent
--- FED on cigarette filter rods reduced to 20 percent ad valorem instead of one rupee per filter rod
--- 17pc Sales Tax on sugar reduced to 8pc in the shape of FED
--- 100 percent tax credit on investment in industrial undertaking and BMR with 100 percent equity, ie, without taking a debt
--- Tax credit for investment in shares and insurance up to Rs 500,000 or 15pc of persons taxable income if held for 36 months
--- Textile, leather, sports, surgical goods and carpet sectors fall under 5 percent GST regime on local sales
--- 15pc rise in government employees' salaries
--- Pensioners to get 15 to 20 raise.