New Delhi: Rahul Gandhi has suffered a fracture in his right leg that kept him away from attending the presentation of 2011-12 Union Budget in Lok Sabha yesterday.

Gandhi will take some time to re

New Delhi: India Inc today described Finance Minister Pranab Mukherjee as industry's Sachin Tendulkar saying the veteran leader was steering the economy 'with ease of a seasoned player' in difficult t

New Delhi: Promising more money in the hands of households by hiking the income tax exemption limit and lowering tax surcharge for corporates, Finance Minister Pranab Mukherjee Monday presented the ge

Government today raised the Defence Budget by 11.6 per cent to Rs 164,415 crore for 2011-12 from Rs 1,47,344 crore last year to modernise the Armed forces.

Critical institutional reforms set pace for double-digit growth

Scaled up flow of resources infuses dynamism in rural economy

GDP estimated to have grown at 8.6% in 2010-11

Exports grown by 9.6%, i

New Delhi: Bringing some cheer to the industry, Finance Minister Pranab Mukherjee today lowered the surcharge tax limit on corporate tax to five per cent from 7.5 per cent even while marginally raisi

Prime Minister Manmohan Singh on Monday said the Budget was aimed at consolidation of fiscal deficit and moderation of taxes and will meet challenges of the economic growth of the country.

The exemption limit for general category of tax payers has been enhanced to Rs 1.8 lakh from Rs 1.6 lakh in the 2011-12 general Budget.

Following is the table of new income tax slabs proposed by Finance Minister Pranab Mukherjee in Budget 2011-12

INCOME TAX RATE

1. General Tax Payers

Up to Rs 1,80,000NIL Rs 1,80,001 to Rs 5,00,

New Delhi: Highlights of the budget for 2011-12 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Monday:

Expenditure in 2011-12 estimated at Rs.12,57,729 crore, an increase of 13.4