Budget 2011

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Salary earners with income till Rs 5 lakh need not file returns

New Delhi: Salary earners having an income of less than Rs 5 lakhs will not have to file tax returns from this year, a finance ministry official said.

"Salaried people, may be up to Rs 5 lakh...they

'Interest subsidy on Rs.15 lakh housing loan'

In a boost to the housing sector, finance minister Pranab Mukherjee on Monday said low-cost housing loans of Rs.15 lakh would be eligible to get an interest subsidy of one per cent.

Defence Budget up by 11.6 per cent

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.

Key highlights from 2011-12 Union Budget

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

Budget promises more money for all

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

Budget to meet challenges of economic growth: PM

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.

Corporate Tax surcharge cut to 5 pc

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

Pranab may dole out tax sops to salaried class, farmers

Finance minister Pranab Mukherjee holds the economic survey 2010-11 report at the parliament in New Delhi

Finance minister Pranab Mukherjee is likely to give tax concessions to the salaried class and offer incentives to farmers in his Budget 2011-12 tomorrow to give relief from high prices and keeping an eye on elections in five states.

Rail budget 2011: Fair hike unlikely

New Delhi: Railways are unlikely to carry out any major changes in passenger fares in the Rail Budget for the eighth year in succession, even as more than 100 new trains could be announced, including

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.