India 2012 - Budget Live Updates, Highlights

Budget Impacts and Highlights.


Maruti to hike prize immediately .


No advance tax for senior citizens.


No changes in corporate tax rate.


Service tax Hiked to 12%.


Excise tax Hiked to 12%.


Luxury Items, Eating out, AirTravel More Expensive.


Ac ,Fridge , Phone Bills to cost more.


Compulsory reporting of Assets Sold Abroad.






10 % tax for income between 2-5 lakh
20% tax rate for income between 5-10 lakh
30% for above10 lakh



1. DTC Implementation Deferred
2. Direct Cash Subsidy for LPG, Kerosene
3. GST Approval From States
4. Measure to boost  Equity Market
5. New Tax exemptions for retail investments
6. New Equity Saving Scheme for Small Investors
7. Direct transfer of Food Subsidies to Farmers
8. ECB cap raised for Airlines
9. ECB for low cost Housing Project


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