Monday, February 28, 2011

Budget 2011. (Recently availavble)

 2 MORE CPC IN PUNE AND MANESAR

NO CHANGE IN TAX RATES : Tax exemption limit for individuals increased from Rs 1.6 lakh to Rs 1.8 lakh

Direct Tax code Bill will be effective from 01-04-2012
...
SENIOR CITIZEN AGE REDUCED TO 60 YEARS- EXEMPTION 2.50 LAKS

NEW CATEGORY OF VERY SENIOR CITIZEN- 80 YEARS OR MORE- EXEMPTION RS. 5 LAKHSSee

MAT RAISED TO 18.5% FROM 18%

SURCHARGE ON DOMESTIC COMPANIES REDUCED TO 5% FROM 7.5%

EXEMPTIONS UNDER 80C- ADDITIONAL 20000.00 IN INFRA BOND WILL CONTINUE FOR ONE MORE YEAR.

More will come as available.

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