Facebook Twitter Google Rss
Union budget 2013: No review of Income Tax - Major Highlights

New Delhi, Feb 28: Finance Minsiter P Chidambaram is presenting one of the most anticipated budgets - Union Budget 2013 in the Lok Sabha. Favouring the middle class, the budget has not reviewed Income tax slabs for this year for incomes up to Rs 5 Lakh. However, the FM has decided to tax the super rich with income exceeding Rs 1 crore a year by making them pay a surcharge of 10%. Meanwhile, Sensex fell around 75 points as FM raised corporate, individual taxes (surcharge). Follow Indian Rays for live updates. 

        Major Highlights


  • "No review of Income tax slabs for this year, proposed tax credit of Rs 2000 for incomes up to Rs 5 Lakh. "


  • "Govt to set up India's first women's bank as a public sector bank by October."


  • "Two new major ports to be set up in West Bengal and Andhra Pradesh."


  • "Cigarettes, mobile phones, dining in AC restaurants, SUVs to get Costlier."


  • "Jewellery, leather goods to get cheaper."


  • "Oil and gas exploration policy will be reviewed and moved from profit sharing to revenue sharing."


  • "India faces many challenges, China is the biggest competitor."


  • "Average economic growth rate in 11th Plan period is 8 per cent, highest ever in any Plan period."


  •  "Job of FM is to find the resources to fund the efforts to bring minorities, the poor and others left behind in the race to make India to wealthier and a more equitable country," says Chidambaram."


Indianrays news

Please Login or Register to post your comments.
Enter your comments here
Post Comment

No comments are posted.

Related news
Lok Sabha elections to be held from mid-April

New Delhi, Jan 5:Bracing for the big exercise, the Election Commission is all set

2014-01-05 10:02:56
Not to contest Lok Sabha elections: Kejriwal

New Delhi, Jan 4: Delhi Chief Minister Arvind Kejriwal today ruled out his contes

2014-01-04 10:01:29
PM rules himself out for 3rd term, calls Modi disastrous

New Delhi, Jan 3: Prime Minister Manmohan Singh today ruled himself out of the ra

2014-01-04 09:45:43
Delhi gang rape case: Four accused get death sentence

New Delhi, Sept 13: The Saket court in Delhi has given death sentence to the four

2013-09-13 02:30:11
Delhi gang rape case sentencing deferred to Friday

New Delhi, Sept 11: The sentencing for the four accused in the Delhi gang rape ca

2013-09-11 04:52:42
Serial killer 'Psycho Shankar' arrested in Bangalore

Bangalore, Sept 6: Serial rapist and killer 'psycho Shankar', who escaped from

2013-09-06 02:20:33
Photo Gallery
Video Gallery

Copyright © 2014 Beads Media | Terms of Use and Privacy Policy