Central Government Employees News,SEVENTH PAY COMMISSION,DEARNESS ALLOWANCE,7TH PAY COMMISSION,HBA, HRA,LTC, CCL, DoPT Orders

Highlights of the union budget for the  F.Y 2012-13

1. New laws for micro finance markets
2. 2.5 % growth in agriculture this year
3. Indian economy to grow at 6.9% this year
4. 5000 crores venture for MSME sector
5. investment upto 50,000 in
6. Direct Tax code will be enacted at the earliest
7. 6000 schools to be setup in5 years
8. National mission for food processing to be started
9. Direct import of ATF allowed
10. 8,800 Km national highways to be developed
11. Direct cash subsidy for LPG, Kerosene
12. IT exemption limit increased to 2 lakhs
13. To introduce Rajiv Gandhi equity scheme.
14. PDS to be computerised.

New Income Tax Slab for the F.Y 2012-13

Income tax exemption limit increased to 2 lakhs !!

1. 0% tax for income upto 2 lakhs
2. 10% tax for 2 to 5 lakhs
3. 20% tax for 5 to 10 lakhs
4. 30% tax for income above 20 lakhs

Benefits for Central Government Employees in Union Budget 2012-13

Watch Live webcast of Union Budget 2012

Hon'ble Finance Minister Sri Pranab Mukharjee will be Presenting Union Budget in the Parliament on 16th March, 2012.

Watch Budget Live at http://budgetlive.nic.in/

The budget speech will start at 11.00 AM.

Union Budget 2012 for Central Government employees:

Employees are eagerly waiting whether Tax relief will be there or not . It is expected that some increase will be there in the IT exemption limit.