* No increase in passenger fares and freight tariffs.
* Service charges on e-tickets reduced.
* E-ticket vans to be extended to Government Medical College Hospitals, Courts, Universities, IT hubs, IITs and IIMs.
* SMS updates of reservation status and movement of wagons.
* Ticket centres to be opened at district headquarters and village panchayats.
* 100 per cent [...]

* Plan and Non-plan Expenditure
* Revenue and fiscal deficit
* Developments in agriculture
o Farm credit
o Irrigation
* Transport
* Railways
* Subsidies
* Banking system, Insurance, Agricultural Insurance, National Bank for Agriculture and Rural Development, Regional Rural Banks, Housing loans, Exclusive health insurance, Capital market
* Urban and Rural Infrastructure Development
* Industry
* SMEs
* Gross domestic capital, Foreign direct investment and [...]

* To remove Fringe Benefit Tax
* Surcharge of 10% on personal income tax removed
* No change in Corporate taxes
* Propose to phase out surcharge on Direct Taxes
* States agree on basic structure of Goods and Services Tax
* Commodity Transaction Tax scrapped
* To create Alternate Tax disputes resolution mechanism for foreign companies
* Software Technology Parks [...]

* Scope of presumptive taxation to be extended to all small businesses with a turnover upto Rs. 40 lakh. All such taxpayers to have option to declare their income from business at the rate of 8 percent of their turnover and simultaneously enjoy exemption from the compliance burden of maintaining books of accounts. As [...]

The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26, 1947.
The Union budgets for the fiscal years 1959-60 to 1963-64, inclusive of the interim budget for 1962-63, were presented by Morarji Desai. On February 29 in 1964 and 1968, he became the only finance minister to present [...]

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 [...]