Indian Union Budget 2012-13 : A balanced budget

by khalid on 18/03/2012 · 0 comments

pranab-mukherjee

Pranab Mukherjee

Finance Minister Pranab Mukherjee has presented a balanced budget. Here you may check out that what would be the impact of this budget proposals on diferent items.  The minister has brought cheer to the individual taxpayer by raising the basic income tax exemption limit from Rs 1.8 Lakh to Rs 2.0 Lakh. The move will see the individual save at least Rs2,000 in taxes in financial year 20012-13. Now the general tax payers will have to pay 10 per cent tax on income between Rs 2.0 lakh and Rs 5 lakh; 20 per cent between Rs 5 lakh and Rs 8 lakh; and 30 per cent on income above Rs 8 lakh.

Impact on Industries is like this :

POSITIVENEUTRALNEGATIVE
Construction
Airport Infrastructure
Automobiles
Fertilisers
Auto components & Tyres
Hotels
Household Appliances
Banking
Oil and Gas
Power
Cement
Paper
Roads
Housing
TextilesInformation technology
Media and Entertainment
Non-ferrous metals
Petrochemicals
Pharmaceuticals
Ports
Steel
Sugar
Telecom

Stay tuned to BellTheBull Blog for more on Indian Union Budget 2012-13

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