Welcome to Easy business Services

UNION BUDGET 2012-13

Mukul Roy takes over as new Railway Minister Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10 lakh Interest from savings bank accounts deductible upto Rs.10,000; deduction of upto Rs.5,000 for preventive health check-up Senior citizens without business income exempt from advance tax Turnover limit for compulsory tax audit for SMEs raised from Rs.60 lakh to Rs.1 crore Relief in indirect taxes to sectors under stress; agriculture, infrastructure, mining, railways, roads, civil aviation, manufacturing, health and nutrition, and environment get duty relief .

copyrights@easybusinessservices 2011