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Union Budget 2012-13 Lead-2

New Delhi, Fri, 16 Mar 2012 NI Wire

Budget key words

  • Zero tax up to Rs. 2-Lakh
  • 10% income tax betwen Rs.2 lakh to 5 lakh
  • 20% Tax for income between Rs.5 Lakh to 10 Lakh
  • 30% tax for income above 10 Lakh
  • 2% hike in service tax, reacherd to 12%
  • No Advance Tax requred for senior citizens
  • All services to be taxed
  • 20% reduction on buying and selling shares from stock market
  • Excise duty hike to 12%
  • Excise duty on big cars incresed to 24% from 22%
  • Telephone, mobile, water and electricity bills to be more expensive due to hike in serive tax
  • Excise duty reduced on readymade garments
  • Medicines for curing HIV, Cancer to be cheaper
  • Luxury items, eating points, electronic gadgets to be more expensive

Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
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