Highlights of the union budget for the F.Y 2012-13
- New laws for micro finance markets
- 2.5 % growth in agriculture this year
- Indian economy to grow at 6.9% this year
- 5000 crores venture for MSME sector
- investment upto 50,000 in
- Direct Tax code will be enacted at the earliest
- 6000 schools to be setup in5 years
- National mission for food processing to be started
- Direct import of ATF allowed
- 8,800 Km national highways to be developed
- Direct cash subsidy for LPG, Kerosene
- IT exemption limit increased to 2 lakhs
- To introduce Rajiv Gandhi equity scheme.
- PDS to be computerised.
New Income Tax Slab for the F.Y 2012-13
Income tax exemption limit increased to 2 lakhs !!
- 0% tax for income upto 2 lakhs
- 10% tax for 2 to 5 lakhs
- 20% tax for 5 to 10 lakhs
- 30% tax for income above 20 lakhs
Benefits for Central Government Employees in Union Budget 2012-13
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PRANAB DADA HOW YOU CAN BE CRUEL TO SENIOR CITIZEN?
YOU HAVE RAISED EXEMPTION LIMIT FROM 180000TO 200000
UNDER 60 YEARS MALE GOT BENEFIT OF RS 2000/ & FEMALE RS 1000/.THE SENIOR CITIZEN SLAB STATIC AT 250000 & NO BENEFIT BUT LOADED WITH TAX BURDEN. KINDLY DO NOT SNATCH LIFE FROM THEM & RAISE TAX SLAB TO 3,00,000/ FOR SENIOR CITIZEN & FOR OTHERS 2,50,000/ GOD BLESS YOU
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