- Income tax exemption limit raised to Rs 2 lakh from Rs 1.8 lakh
- Rs 2-5 lakh income taxed at 10%
- Rs 5-10 lakh income at 20%
- Income above Rs 10 lakh taxed at 30%
- STT reduced by 20% on delivery-based transactions
- Standard excise duty hiked from 10% to 12%
- Service tax hiked from 10% to 12%
- Fiscal deficit target set at 5.1% of GDP in Budget 2012-13
- Duty on large cars raised to 27%
- ECBs proposed for aviation sector with a cap of $1bn
- Direct, indirect tax reforms to miss deadline
- Rural housing scheme to be upgraded
- Branded silver jewellery fully exempt from excise duty
- Customs duty on gold, platinum raised to 4% from 2%
- Duty on handrolled beedis increased
- Diamonds emerald and ruby prices will increase
- Ad valorem duty on some cigarettes
- Import of aircraft parts exempt from basic customs duty
- Basic customs duty on cigarettes reduced
- Customs duty cut on rail equipment to 7.5% from 10%
- To allow external commercial borrowing to part finance rupee debt in power projects
- Proposes to remove sector-specific restriction on venture capital fund investments
- Mobile phone parts exempted from basic customs duty
- Automated shuttle looms exempted from customs duty
- School education exempt from service tax
- 12% excise duty imposed on branded retail garments
- LCD and LED panels exempted from custom duty
- Government hikes defence spending to Rs 1,93,407 crore
- Customs duty reduced from 7.5% to 2.5% for iron ore equipment
- Thermal power companies exempted from customs duty for 2 years
- 5% customs duty exempted on equipment for fertiliser plants
- Govt sees expenditure rising 29% in 2012-13
- LNG exempted from customs duty
- Full exemption on customs duty on coal
- Some infra construction services exempt from service tax
- FY13 net market borrowing at Rs 4.8 lakh crore
- Rs 18,660 crore will result from service tax rise
BUDGET expert panel
T N Ninan, Chairman,
Business Standard
A K Bhattacharya, Editor,
Business Standard
Nirmal Jain,
Chairman, IIFL
Raamdeo Agrawal,
Joint Managing Director,
Motilal Oswal Financial Services
Dinesh Thakkar,
CMD, Angel Broking
S Madhavan,
Executive Director,
Tax and Regulatory Services, PwC India
Sandip Mukherjee,
Executive Director,
Tax and Regulatory Services, PwC India
Gaurav Mashruwala,
Certified Financial Planner
  Personal income tax slabs changed
  Securities transaction tax cut
  Excise duty hike to 12%
  Corporate tax unchanged
  Duty on large cars hiked
  Service tax raised from 10% to 12%
I was extra careful while formulating Budget: Pranab
Says govt will promote medium-term growth; Budget measures may spur inflationary pressures  Full Story
Change in I-T Act won't impact FDI: FinMin
Critics should be more realistic, says FM
Why energy-efficient products not subsidised, asks industry
Big tax hikes done, fuel next
Expert Views
Rise in excise & service tax rate will have an inflationary impact: R V Kanoria
Since the excise and service tax rates were raised in the Union Budget for 2012-13, the industry has
Painting of rail coaches is not modernisation: Dinesh Trivedi
Dinesh Trivedi watched his Railway Budget being rolled back on television.
Budget Reactions
Investors restive at Budget tax proposals
It has been a month since the Budget was tabled in Parliament, but the controversy involving the fin
Auto parts makers in a bind over passing on excise hike
While automakers have gone ahead and increased prices to offset the hike in excise duties proposed i
Budget News
Budget Reactions
Market Impact
rural development
economic survey
States may provide cushion to fiscal deficit
Fiscal consolidation should be anchored in a framework that addresses risks like crude oil price rises
9% growth rate still a mirage
Govt concerned over asset bubbles
Pvt participation to ease funding pressure
Mamata asks PM to sack Trivedi
Mukul Roy will replace Dinesh Trivedi as Railway Minister
First train fare hike in 8 years
Railways to miss revenue target of Rs 1.06 lakh cr
Lalu slams rail fare hike
Balanced Rail Budget by Trivedi: India Inc
How would you rate Pranab Mukherjee's budget
Has the FM been able to address the issue of burgeoning fiscal deficit?
Can't Say
About us
Advertise with us
Terms and Conditions
Contact Us
More Content
Home | Markets | Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion 
Life & Leisure | Management & Marketing | Tech World