India Budget 2008 will be announced on 29th February 2008.
The main problem of the Finance Minister is the low revenue which have been decelerating the customs revenue growth. Moreover, the excise revenue also gets low. Therefore, while making the budget the Finance Minister will obviously be focusing on better mobilization of earnings through direct [...]

Rail Budget 2008-09 is likely to see a 6-8% cut in passenger fares across the board. This reduction will be applicable for both the lean and peak seasons. However, the fare cut for AC class travellers is likely to be graded as per the season. A senior government official said while fares for AC-3 [...]

Income tax slab for financial year 2007-2008 assessment year 20008-2009
Taxable income slab (Rs.) Rate (%)
1,10,000 ( for Individual)NIL1,45,000 (for women)NIL1,85,000 (for senior citizens) NIL
Individuals-other than senior citizens and ladies

Up to 110000- No Tax
110001 to 150000-10%
150001to250000-20%
250001and above-30%
—————————————————————————————
Ladies other than Senior Citizens
Up to 145000-No Tax
145001 to 150000-10%
150001to250000-20%
250001and above-30%
—————————————————————————————-
Senior Citizens
Up to 195000-No tax
195001to250000-20%
250001and above-30%
Investment u/s 80C eligible [...]

After assessing your tax liability, the next step is tax planning for Save Tax. It involves selecting the right tax saving instruments and making investments accordingly.
Deductions from Taxable Income:
Deduction under section 80C
This new section has been introduced from the Financial Year 2005-06.
Under this section, a deduction of up to Rs. 1,00,000 is allowed from [...]

The Union Budget 2008-2009  will be release  on Feb 2008 .The Union Budget for a given year gives details of expenditures planned by the government and expected revenues from the government’s tax machinery to finance them.here some information about budget india is given here.
The Indian constitution is a two chambered Parliament. All Government expenditures [...]

After 16 years of the adoption of new economic reforms, the country like India has become able enough in achieving so many milestones.
The country has accepted the market-oriented policies through the new economic reforms, still the country cannot ignore to the Budget, which has been playing a major role in the country’s economic progress.
The [...]

Lots of people fail to see why a budget is a good thing. It may seem as if being put on a budget says that you don’t make enough money or make wrong choices. Actually, being on a budget says that you make the right choices. For now and for the future.
So why should [...]

As per finance ministry official, who said in a Tax Conference that India is likely to keep income tax rates moderate to boost revenues but may tighten scrutiny to prevent evasion, a Finance Ministry official said on Thursday.
“We can’t have marginal rates (of income tax) that are too high,” said Parthasarathy Shome, an advisor [...]