Budget

Indian Budget Summary Highlights 2010-2011

Posted February 26, 2010 - 21:25 by isohelpline
Manmohan Sing Indian PM Just find India Budget 2010 - 2011 highlights / summary attached in the pdf document.

Download Indian Budget Summary Highlights 2010 2011


 Please give Pranab Mukherjee Indian FMfeedback on your views of the budget.

Indian Budget - For tax payers

Posted July 7, 2009 - 11:00 by isohelpline
Individuals:

  • Men: Exemption limit increased from Rs. 1,50,000 to 1,60,000
  • Women: Exemption limit increased from Rs. 1,80,000 to 1,90,000
  • Senior Citizen: Exemption limit increased from Rs. 2,25,000 to 2,40,000
  • 10% surcharge applicable above income of 10 lac also removed.
  • Wealth tax now payable above taxable wealth over Rs. 30 Lac instead of 15 lac.
  • Advance tax to be paid only if tax liability is over rs. 10,000 instead of 5,000 earlier.

The great Indian budget and the Market

Posted July 7, 2009 - 10:36 by isohelpline
This year, and may be first time in last 18 years budget has not talked about divestment. Stock market always looks for some key terms in the budget (like Google search engine while indexing a site) and when it did not find its favourite term "divestment" or "dis-investment", it crashed.

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