Tag Archives: Budget 2012

Budget 2012 row: Opposition will attack on UPA in Parliament

Finally Dinesh Trivedi took a decision to resign as Railway Minister on Sunday after Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee went to Delhi in the evening to address a meeting. “I spoke to Mamata to get her confirmation and she said that I should step down, it was the party’s decision. [...]

Budget 2012: Income tax exemption increases to Rs2 lakh

Bringing “Aam Admi ka Budget”, Finance Minister Pranab Mukherjee on Friday proposed a big relief for small tax payers by raise the tax exemption limit to Rs2 lakh per annum from Rs1.80 lakh. Presenting his Budgetary report in Lok Sabha, Mukherjee said, “My proposals on direct taxes are estimated to result in a net revenue [...]

Rail Budget 2012: Will Dinesh Trivedi quit after presenting Rail Budget?

The fate of Railway Minister Dinesh Trivedi whether he would stay in his post or may resign will be decided after Finance Minister Pranab Mukherjee will reveal the budget report today in Parliament. Dinesh Trivedi who has presented rail budget for 2012-13 proposed around 20 per cent passenger fare hike on all classes and this [...]

Budget 2012: Tough time ahead for UPA Government

In National Capital, the time of the Budget session of Parliament starts on Monday in which UPA Government has difficult situation to convince for its bills as Congress defeated with worst performance in the Assembly Elections. All party leaders now ready to stand their issues before government in Parliamentary session and major issues in the [...]

Budget 2012: Finance panel expects income up to Rs 3 lakh made tax-free

Today’s good news for taxpayers, who wants to save their money not easing to tax, is that the Parliamentary standing committee on finance in line with the DTC Bill this budget recommends hiking basic tax exemption limit from Rs 1.8 lakh to Rs 3 lakh and another Rs 3.20 lakh rebate for eligible investments and [...]

FM to double tax deduction eases for home-loaners

As per business sectors release, there is good news for home loaners. During this year, the govt. is deducting the tax by raising tax exemption on interest paid in housing loan. And now the person, who has taken a house loan, gets double relief from the tax assumption as limiting taxable income up to Rs [...]