Fiscal deficit target at 4·6% for 2011-12, down from 5·1% estimated for 2010-11.
Government expects economy to grow at 9% in 2011-12.
Government debt : About 44·2% of GDP, well below Finance Commission target.
Expenditure up 3% at 12·58 lakh crore in 2011-12.
Gross tax receipt at 9·3 lakh crore.
Personal tax rates : Minimum exemption raised to Rs. 1,80,000 from Rs. 1,60,000.
Windfall for seniors : For those above 80 (known as very senior citizens) income up to Rs. 5,00,000 free from tax.
Senior citizen age entitlement cut from 65 to 60, entitled income upto 2,50,000 free from tax.
Women tax payers tax free income raised to 1,90,000.
Direct Taxes Code implementation from April 1, 2012.
30,000 crore tax-free bonds this year; exemptions for individual investors extended by one more year.
Housing interest rate becomes cheaper with ceiling hiked from 20 lakh to 25 lakh.
Service tax rate retained at 10 per cent.
Service tax on medical treatment in mid and large hospitals (above 25 beds).
No change in fuel prices.
Inflation to ease next year.
IT surcharge : Reduced to 5% from 75% but MAT hiked to 18·5% from 18%.
Air travel : Costlier by 50 250 with hike in service tax.
Excise duty unchanged at 10 per cent.
130 items brought under central excise.
Iron ore export duty hiked to 20 per cent.
Auto parts : Duty concession on import of batteries of electric vehicles and critical parts/assemblies of hybrid vehicles.
10% unified rate of excise duty on readymade garments.
`Nutrient-based' subsidy scheme for urea makers to be considered.
Fertilisers : Investment in new fertiliser plants gets tax concession.
Self-assessment scheme for Customs duty payments.
Goods and Services Tax may come in 2011-12.
Disinvestment adds 50 lakh new retail investors.
Disinvestment to raise 40,000 crore.
Mutual funds can accept foreign money.
Foreign investors may directly invest in mutual funds.
Corporate bonds : FII limit hiked for both infrastructure and other categories.
Reducing edible oil imports.
18,000 crore for RIDF-XVII.
More funds for micro and small units.
Relief for indebted handloom weavers.
Boost to rural housing.
Mortgage Risk Guarantee Fund for providing credit to weaker section.
Funds for Self-sufficiency in pulses.
More mega food parks.
Anganwadi worker's salaries doubled.
500 crore to National Skill Development Fund.
Insurance for unorganised sector workers in hazardous mining and associated industries.
400 crore for bringing green revolution in the east.
Defence allocation raised 11·6% to 1·64 lakh crore.
Government expects economy to grow at 9% in 2011-12.
Government debt : About 44·2% of GDP, well below Finance Commission target.
Expenditure up 3% at 12·58 lakh crore in 2011-12.
Gross tax receipt at 9·3 lakh crore.
Personal tax rates : Minimum exemption raised to Rs. 1,80,000 from Rs. 1,60,000.
Windfall for seniors : For those above 80 (known as very senior citizens) income up to Rs. 5,00,000 free from tax.
Senior citizen age entitlement cut from 65 to 60, entitled income upto 2,50,000 free from tax.
Women tax payers tax free income raised to 1,90,000.
Direct Taxes Code implementation from April 1, 2012.
30,000 crore tax-free bonds this year; exemptions for individual investors extended by one more year.
Housing interest rate becomes cheaper with ceiling hiked from 20 lakh to 25 lakh.
Service tax rate retained at 10 per cent.
Service tax on medical treatment in mid and large hospitals (above 25 beds).
No change in fuel prices.
Inflation to ease next year.
IT surcharge : Reduced to 5% from 75% but MAT hiked to 18·5% from 18%.
Air travel : Costlier by 50 250 with hike in service tax.
Excise duty unchanged at 10 per cent.
130 items brought under central excise.
Iron ore export duty hiked to 20 per cent.
Auto parts : Duty concession on import of batteries of electric vehicles and critical parts/assemblies of hybrid vehicles.
10% unified rate of excise duty on readymade garments.
`Nutrient-based' subsidy scheme for urea makers to be considered.
Fertilisers : Investment in new fertiliser plants gets tax concession.
Self-assessment scheme for Customs duty payments.
Goods and Services Tax may come in 2011-12.
Disinvestment adds 50 lakh new retail investors.
Disinvestment to raise 40,000 crore.
Mutual funds can accept foreign money.
Foreign investors may directly invest in mutual funds.
Corporate bonds : FII limit hiked for both infrastructure and other categories.
Reducing edible oil imports.
18,000 crore for RIDF-XVII.
More funds for micro and small units.
Relief for indebted handloom weavers.
Boost to rural housing.
Mortgage Risk Guarantee Fund for providing credit to weaker section.
Funds for Self-sufficiency in pulses.
More mega food parks.
Anganwadi worker's salaries doubled.
500 crore to National Skill Development Fund.
Insurance for unorganised sector workers in hazardous mining and associated industries.
400 crore for bringing green revolution in the east.
Defence allocation raised 11·6% to 1·64 lakh crore.
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