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 :
|Fertilisers||Auto components & Tyres||Hotels
|Household Appliances||Banking||Oil and Gas
|Media and Entertainment|
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