Finance Minister Pranab Mukherjee proposed to double the
tax-free bond target for financing infrastructure projects in the next
fiscal to Rs 60,000 crore from Rs 30,000 crore.
The new tax slabs may ease your tax burden by Rs 1,030-22,660 depending
on the income and the tax slab. Unfortunately, taxpayers with higher
incomes will be the main beneficiary.
Barring low-cost housing, property prices are expected to rise in the
coming days after the proposed hike in service tax from 10 per cent to
12 per cent.
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