Highlights of Union Budget 2010, as Pranab tells us how he proposes to turn economic optimism into concrete results.
Reactions & Budget impact
Budget a right mix, says PM
Dictatorship of Congress government will not work: Lalu
Pranab had no choice on fuel price hike: PM
Markets happy, Sensex jumps 300 points
Taxation
25% tax savings for people who are earning upto Rs 1 lakh pm
Service tax unchanged at 10%
Online news agencies to attract tax
Account editing for companies with income above Rs 15 lakhs
More services to be taxed
Peak custom duty unchanged at 10%
5% custom duty on crude petrol back
Minimum alternate tax hiked from 15% to 18%
Corporate surcharge down from 10% to 7. 5%
Tax slabs
Upto 1.6 lakhs- Nil
Above 1.6 lakhs to Rs 5 lakhs- 10%
Above 5 lakhs to 8 lakh: 20%
Above 8 lakhs 30%
R&D deduction hiked
What cost less
Custom duty on gold to be reduced; Gold cheaper
Rationalisation of custom duty on gaming software; gaming software to cost less
Mobile phones to be cheaper
What cost more
Petro products to cost more
Cement to cost more
Large cars, SUVs to cost more
Cigarettes, non-smoking, chewing tobacco to cost more
Gross Tax Receipts Rs 7. 46 Lakh crore
Fuel price hike in due course
1 Comment
Tell a friend
Bury
Reactions & Budget impact
Budget a right mix, says PM
Dictatorship of Congress government will not work: Lalu
Pranab had no choice on fuel price hike: PM
Markets happy, Sensex jumps 300 points
Taxation
25% tax savings for people who are earning upto Rs 1 lakh pm
Service tax unchanged at 10%
Online news agencies to attract tax
Account editing for companies with income above Rs 15 lakhs
More services to be taxed
Peak custom duty unchanged at 10%
5% custom duty on crude petrol back
Minimum alternate tax hiked from 15% to 18%
Corporate surcharge down from 10% to 7. 5%
Tax slabs
Upto 1.6 lakhs- Nil
Above 1.6 lakhs to Rs 5 lakhs- 10%
Above 5 lakhs to 8 lakh: 20%
Above 8 lakhs 30%
R&D deduction hiked
What cost less
Custom duty on gold to be reduced; Gold cheaper
Rationalisation of custom duty on gaming software; gaming software to cost less
Mobile phones to be cheaper
What cost more
Petro products to cost more
Cement to cost more
Large cars, SUVs to cost more
Cigarettes, non-smoking, chewing tobacco to cost more
Gross Tax Receipts Rs 7. 46 Lakh crore
Fuel price hike in due course
1 Comment
Tell a friend
Bury
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Comments
Concise post. Why the comment from Lalu though ?