For Male Tax Payers
Upto Rs. 1,60,000 – NIL
From Rs. 1,60,001 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
For Female Tax Payers
Upto Rs. 1,90,000 – NIL
From Rs. 1,90,001 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
For Senior citizens Tax [...]

Highlights of Budget 2009
* Growth rate in 2008-09 dipped to 6.7 per cent from average 9 per cent growth in previous three fiscal years.
* Mukherjee intends to make pre-budget consultations with state finance ministers an annual affair
* Fiscal deficit grew from 2.7 per cent to 6.8 per cent of GDP
* We need institutional reforms [...]

Finance minister Pranab Mukherjee on Monday raised tax slabs in his Union Budget 2009-2010
He proposed to increase the income tax exemption limit for senior citizens by Rs 15,000, for women and others by Rs10,000 each, while keeping the corporate tax rate unchanged.
The exemption limit will now be Rs 240,000 for senior citizens, Rs190,000 for [...]

UPA government in its second innings is expected to enhance social sector and infrastructure spending in its budget for 2009-10, in line with its strategy to beat the impact of global economic downturn.
According to Source, UPA-II budget is all set to provide an additional Rs 40,000 crore gross budgetary support (GBS) from the interim [...]

As the countdown to the Budget 2009 begins, industry and business houses across the sectors have built high hopes on the more stable ‘new’ Government for bold steps in the Finance Minister’s speech, including a revisiting of the sectoral policies and fiscal reforms.
India’s Finance Minister Pranab Mukherjee may increase spending on power, roads and [...]

No hike in passenger fares, freight charges
Rs 1,102 crore allocated towards improving passenger amenities
Kolkata metro to be extended
Rs 50 billion increase in budgetary support in 2009-10
Freight target for 2009-10 set at 882 million tonnes
Target set in interim budget unrealistic
Freight cargo increased 5% in 2008-09
One doctor to be posted on each long distance train
Rs.25 monthly [...]

Most of us lack behind in the Tax planning. We always do it at the end of Feb or Mar, because of which we end up into wrong decisions. Here we will help you to identify Tax saving investments as per your requirement. In India we can save Tax under sec 80cc up to [...]

If Lalu Prasad’s railway budgets were big-bang affairs, marked by across-the-board fare cuts, chances are that Mamata Banerjee’s will be a quiet event. Except for some token reduction in passenger fares and freight concessions for a couple of sectors, the railway budget is expected to be a sober affair, minus any significant impact.
Nominal passenger [...]