So, where will Pranab get his cash from?
New Delhi: Here's a look at where Finance Minister Pranab Mukherjee expects the money to come from to fund his Rs.12.58 lakh crore (Rs.12.58 trillion or $280 billion) federal budget:
Rupee Comes From
Budget: IT exemption limit raised to Rs 1.8 lakh
Finance minister Pranab Mukherjee on Monday proposed to enhance the income tax exemption limit to Rs 1.8 lakh for the next financial year, from Rs 1.6 lakh now.
Budget leaves IT unimpressed
Hyderabad: The information technology (IT) sector is disappointed at Finance Minister Pranab Mukherjee's union budget for 2011-12 for not extending tax incentives and hiking the Minimum Alternate Tax
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.
No special IT benefits for women: Pranab
New Delhi: Finance Minister Pranab Mukherjee today kept the income tax exemption limit unchanged for women at Rs 1.90 lakh while increasing it for men and senior citizens.
Mukherjee, in his 2011-12
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: Higher tax exemption limit, air travel, hotel stay costlier
New Delhi: Higher tax exemption limit for individuals, significant benefits for senior citizens, retention of service tax at 10 per cent and withdrawal of some duty exemptions were some of the majo
Boost to housing sector finance
Various steps have been taken in this year’s union budget to give a boost to housing sector finance.
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