Tax Impact

Updated : Mar 3, 2011

Pranab cheers taxpayers, raises Income Tax exemption to Rs 1.8 lakh

Unveiling the Budget proposals for 2011-12 in the Lok Sabha, Mukherjee also proposed to reduce the age limit for consideration as senior citizens from 65 years to 60.

Updated : Feb 28, 2011

Pay more for airtravel, healthcare in pvt hospitals

Stationery items widely used by school children, text books, branded ready-made garments and jewellery, treatment in private hospitals, air travel and lawyer fees will become costlier following the tax proposals in 2011-12 Budget.

Updated : Feb 28, 2011

Higher service tax on life policy to lower returns

The government on Monday proposed to increase the service tax on life insurance policies to 1.5 per cent from 1 per cent, a move that would increase the premium cost for policyholders.

Updated : Feb 28, 2011

Budget to cheer taxpayers

Senior citizens are the main beneficiary in the latest budget. Mukherjee has reduced the age limit for classification as a senior citizen from 65 years to 60 years.

FM Pranab Mukherjee during Budget speech 2011-12

Updated : Feb 28, 2011

Excise duty retained at 10%, more items to be taxed

FM Pranab Mukherjee decided to maintain the standard rate of central excise duty in order to see improved business margins translated into higher investment rates.

Tax Impact

Pranab cheers taxpayers, raises Income Tax exemption to Rs 1.8 lakh

Pay more for airtravel, healthcare in pvt hospitals

Higher service tax on life policy to lower returns

Budget to cheer taxpayers

Excise duty retained at 10%, more items to be taxed

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