Budget 2012

Budget - 2012

• I-T exemption limit for general category raised to Rs 2 lakh from Rs 1.8 lakh

• - up-to 2 lacs NIL,
  - 2-5 lacs 10%,
  - 5-10 lacs 20%
  - 10 lacs plus 30%

• Service Tax raised from 10 to 12%

• STT is down to 0.1% on delivery

• Interest from savings bank account up to Rs 10,000 not to be taxed 

• Excise duty for large cars raised from 22% to 24%

• Standard excise duty hiked to 12%

• Corporate tax rate structure left untouched