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BUDGET 2012
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BUDGET HIGHLIGHTS
Exemption limit for the general category of individual taxpayers enhanced to Rs 2,00,000
Service tax rate raised from 10% to 12%
Standard rate of excise duty to be raised from 10% to 12%
more
personal finance
Salaried Person
Small Businessman
Senior Citizen
Student
Homemaker
Investor
Professional
NRI
BUDGET FLASHES
Raise customs duty on some vehicle imports to 75% from 50%
Branded silver jewellery exempt from excise duty
10% advalorem duty on cigarettes
more
BUDGET INTERPRETATIONS
Pharma sector be affected by increase in excise duty rates
Duty rate hikes to adversely affect common man
Excise hike on beedi, other tobacco products; positive for ITC
more
SECTOR IMPACT
Finance - General:Budget Impact STT reduced to 0.01% +ve IIFL, JM Financia, Edelweiss Cap, Motilal
Cigarettes:Excise hike on Beedi, Other Tobacco products positive for ITC
Power - Generation/Distribution:LNG Exempt from customs positive Power
more
BUDGET POLL
Q Will finance minister P Chidambaram give in to long-standing public demand and raise I-T exemption limit from 2 lakh to 3 lakh a year?
 
Yes
No
Can't Say
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Autos | Banking & Finance | Cement & Construction | Consumer Durables | Energy | FMCG | Information Technology | Pharmaceuticals | Real Estate | Telecom | Transport & logistics
Budget 2012
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