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BUDGET 2017-2018 Special

Latest Updates -
-The latest income tax slabs for 2017-2018 can be found here - Income tax slabs 2017-18.

-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here
Free Income Tax calculator for calculating tax for 2017-18.

India Union budget 2012 highlights

The highlights of the Union budget 2012 presented by Finance Minister Mr. Pranabh Mukherjee.

  • Tax exemption limit increased to Rs 2 Lakhs and the other tax slabs were modified. Currently there is no difference between the tax paid by men and women. Refer the Latest tax slabs for more details.
  • Interest incomes of up to Rs 10,000 will now be exempted from from tax.
  • Direct tax code will be implemented at the earliest.
  • Goods and services tax (GST) to be operational by August 2012
  • GDP growth projected at 7.6%
  • Inflation expected to reduce within next couple of months

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