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Posts Tagged ‘Budget 2012’

Tax Slabs and savings for individuals as per budget 2012

TweetShareThe tax slabs as per Budget 2012 announced by Finance minister, Pranab Mukherjee is as follows: The new tax slabs for individuals are: *Up to 2 lakh rupees – NIL *2 lakh – 5 lakh rupees – 10% *5 lakh – 10 lakh rupees – 20% *Above 10 lakh rupees – 30% There will no change in corporate tax rates. Tax slabs for Men, Woman and Senior Citizens in 2012 How the savings for 2012 is calculated TweetShareShare on Facebook  

Key Features of Budget 2011-2012

TweetShareKey Features of Budget 2011-2012 OPPORTUNITIES • „ Swift and broad based growth in 2010-11 has put the economy back to its pre-crisis growth trajectory. Fiscal consolidation has been impressive. • „ Significant progress in critical institutional reforms that would set the pace for double-digit growth in the near future. • „ Dynamism in the rural economy due to scaled up flow of resources to the rural areas. CHALLENGES • „ Structural concerns on inflation management to be addressed... 

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