TMI BlogBudget 2012-13X X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2012-13 - By: - Santosh Kumar - Budget - Dated:- 16-3-2012 - - - Income tax slab - Rs 2 lakh zero tax, Rs 2-5 lakh 10 percent, Rs 5-10 lakh 20 percent and above Rs 10 lakh 30 percen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t. Interest income from banks tax-free upto Rs 10,000. No change in corporate taxes. - School education exempt from service tax. - Securities transaction tax (STT) the stock exchange tol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l fee for buying and selling share is cut by 20 percent. Just crumbs for traders. STT is now 0.1 percent for delivery trades. - Service tax to have negative list only 17 services exempt. You ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r five-star barber may apply service tax. - Bollywood exempted from service tax in some copyright. - Overall service taxes raised to 12 percent. This will surely push up inflation since se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices account for 59 percent of the GDP. General excise also up to 12 percent. Big cars to cost more excise up from 22 to 24 percent. - Branded silver jewellery fully exempt from excise duty. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - imposition of custom duty on jems and color stones @ 2%. - Basic customs up on gold doubled. Also on platinum. Sin taxes also up on big bang some cigarettes and bidis. Small customes cu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts on cigarettes, too. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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