Friday, March 16, 2012

Budget 2012 : Flash News

Income Tax deduction of 50 per cent on investments of up to Rs 50,000 in savings scheme named after Rajiv Gandhi. 
locking period in Rajiv Gandhi Equity scheme will be 3 years 
1 % rebate in interest rate for Home Loan upto Rs 25 lakh 
Direct Tax Code (DTC) Bill to be enacted at the earliest, says FM 
no change in Corporate Income Tax limit 

Proposal to increase Income Tax Exemption limit to Rs 2.0 Lakh from Rs 1.8 lakh 

Incomes up Rs 5 lakh will now fall in the 10 per cent tax bracket. 

 Income Tax upto 10 Lakh: 20 percent , 30 percent tax for income above 10 lakh

Interest income of up to 10 per cent to be exempted from tax. 

Upper limit raised from Rs 8 lakh to Rs 10 lakh for 20 per cent bracket. 
Tax exemption of up to Rs 5,000 for health insurance for annual preventive health checkup. 
Standard excise duty rate raised from 10 per cent to 12 per cent. 

Watch this blog for complete highlights of he budget, to be published shortly.

No comments :

Contact Us

Viewers may share any information with the administrator in this email
Any news, if approved, may be published in this blog under his /her name.

.................RECENT HEADLINES

Related Posts with Thumbnails

Blog Archive

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "" and I will remove it immediately on demand. All the other standard disclaimers also apply.