The document provides an overview of the Union Budget of India for 2012-2013, which was presented by the Finance Minister Pranab Mukherjee on March 16, 2012. It discusses key highlights of the budget including tax proposals, the impact on various sectors like agriculture, infrastructure, and education, and the overall budget estimates for fiscal year 2012-2013 with a projected fiscal deficit of 5.1% of GDP.
The Hon’ble Finance Minister, Mr. P Chidambaram presented the Interim Budget for 2014-15 in the Parliament on 17 February 2014.
While not being a full-fledged budget, the Interim Budget details some interventions on the indirect taxes front and announcements of the policy roadmap.
Contents: Key Features of Interim Budget 2014-15; Analysis of the Budgetary Proposals; Fiscal Trends; Indirect Taxes – Sector & Industry Specific Analysis
The Hon’ble Finance Minister, Mr. P Chidambaram presented the Interim Budget for 2014-15 in the Parliament on 17 February 2014.
While not being a full-fledged budget, the Interim Budget details some interventions on the indirect taxes front and announcements of the policy roadmap.
Contents: Key Features of Interim Budget 2014-15; Analysis of the Budgetary Proposals; Fiscal Trends; Indirect Taxes – Sector & Industry Specific Analysis
This was a presentation on Budget Changes in the Direct Tax Regime at Ellisbridge Study Circle. Budget 2011 Direct Tax changes were covered in an exhaustive manner.
A descriptive presentation on Understanding the Union Budget - 2020, containing detailed interpretation of various amendments in Direct and Indirect Tax Structure.
Good Luck!!
Good Luck!!
India’s new finance minister, Arun Jaitley, presented his maiden Budget on July 10. Much has been expected from this government, which is widely considered to be pro-industry and reform-friendly.
While the Budget had significant announcement like the raising of foreign investment caps in defense and insurance, as well as a change in income-tax norms, it also set very ambitious growth targets.
Can Jaitley achieve them even as the global economy struggles to get back on track? This is an uphill task and will require more bold and politically tough decisions.
Share your feedback with us on twitter @MSLGROUP_India
Government of Alberta Annual Report - presentation by Doug Horner, President of Treasury Board and Minister of Finance - June 30, 2014. You may also download this presentation at this address:
http://finance.alberta.ca/publications/annual_repts/govt/ganrep14/goa-2013-14-annual-report.html
This was a presentation on Budget Changes in the Direct Tax Regime at Ellisbridge Study Circle. Budget 2011 Direct Tax changes were covered in an exhaustive manner.
A descriptive presentation on Understanding the Union Budget - 2020, containing detailed interpretation of various amendments in Direct and Indirect Tax Structure.
Good Luck!!
Good Luck!!
India’s new finance minister, Arun Jaitley, presented his maiden Budget on July 10. Much has been expected from this government, which is widely considered to be pro-industry and reform-friendly.
While the Budget had significant announcement like the raising of foreign investment caps in defense and insurance, as well as a change in income-tax norms, it also set very ambitious growth targets.
Can Jaitley achieve them even as the global economy struggles to get back on track? This is an uphill task and will require more bold and politically tough decisions.
Share your feedback with us on twitter @MSLGROUP_India
Government of Alberta Annual Report - presentation by Doug Horner, President of Treasury Board and Minister of Finance - June 30, 2014. You may also download this presentation at this address:
http://finance.alberta.ca/publications/annual_repts/govt/ganrep14/goa-2013-14-annual-report.html
A study on Budget deficit AND Its impact on the economy of BangladeshMd Showeb
Government budget deficit is the difference between government revenues and expenditures. Government has different sources of revenues. Major portion of government revenues comes from direct and indirect taxes. Direct taxes come from income and profits of individuals and institutions and indirect taxes come from import duty, supplementary duty and value added tax. It can be put in different way. Direct taxes are the part of economic revenues and incomes of individuals and institutions and indirect taxes are the part of economic transactions in the form of buy, sale, export and import transactions. If government wants accelerate its revenues to meet the growing public expenditures and to reduce the budget deficit without reducing the expenditures of different influential sectors, much efforts should be made to increase economic revenues and income as well as the economic transactions so that the government revenues can meet the growing demand of the economy with the increase in revenues from income tax, import duty, supplementary duty and value added tax. In this regard the concentration of the report is on the management of deficit budget to minimize bad effects and maximize the utilization of funds. Having budget deficit is not a problem at all. The problems lie with the government inefficiency in the management of budget deficit. The evaluation of different reasons behind deficit budget and the evaluation of different bad effects of deficit budget are two crucial parts of our discussion. The impact of budget deficit on the different sectors of the economy is addressed here with relevant information. It is further concentration point of the report to find ways to improve the management performance of the government to achieve different macroeconomic goals with the help of expansion of economic revenues and transactions. The government revenues increase with the increase in economic revenues and economic transactions. The key point of our discussion is government should not decrease the public expenditures as the population is growing. The expenditures on different public sectors have to be increased as the population is growing. But budget deficit should not grow to meet the expenditures as budget deficit has some associated problems with it. For this reason government has to concentrate on accelerating the revenue collection rapidly with the expansion of economic revenues and economic transactions. For this reason government should try to integrate different policies to achieve key macroeconomic goals.
Key Highlights of Union Budget 2012 India presented by Finance Minister Pranab Mukharjee Prepared by vgyan.com, Shiv Kumar Agrawal.
https://www.facebook.com/vgyanuniversity
https://twitter.com/#!/vgroupsIndia
https://plus.google.com/b/108259517886515557552/
http://www.vgyan.com/
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
India Budget 2012-13 - Analysis by Prabhu SrinivasanPrabhu Srinivasan
Budget 2012-13 has invited more criticisms than appreciations from the various stakeholders of the country. Given the unanticipated difficult situation the global markets are currently in, and the multiple problems that the Indian economy is facing, such as weakening of Rupee against US Dollars, High cost of funds, Inflationary pressures, and High unemployment levels to name a few, the finance ministry has opted for a stringent budget to defy these problems and bring the economy back on a sustainable growth path. I would like to conclude the analysis with my view that the key lies in implementation of the plans. Having observed in the past, that implementation of various initiatives have seen multiple road-blocks stalling them abruptly, we shall try to learn from our past to ensure growth and prosperity of the world’s largest democracy!
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
Exclusive report on budget 2015 16 by epic research private limitedEpic Research Limited
Epic Research Private Limited Budget Simplified Version of the Union Budget 2015-16. This report includes all the highlights and overview of the union budget as well as Railway Budget of India.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2. WHAT IS BUDGET & UNION BUDGET?
The budget is a document that states expenditure and
income of the Government for the current financial year and
which reflects the direction of Government policies and
priorities.
The Union Budget of India, referred to as the annual
Financial Statement in Article 112 of the Constitution of India
, is the annual budget of the Republic of India , presented each
year on the last working day of February by the Finance
Minister of India in Parliament .
The budget has to be passed by the House before it can
come into effect on April 1, the start of India 's financial year
2
3. UNION BUDGET 2012-13:
The Union Budget of India for 2012 - 2013
presented by Pranab Mukherjee , the Finance
Minister of India on 16th March 2012.
This was the 7th budget of his career .
These budgetary proposals would be applicable
from 1 April 2012 to 31 March 2013
3
4. OVER VIEW OF THE ECONOMY
GDP growth estimated at 6.9 per cent in real terms in 2011-12.
Slowdown in comparison to preceding two years is primarily due
to deceleration in industrial growth.
Headline inflation expected to moderate further in next few
months and remain stable thereafter.
Steps taken to bridge gaps in distribution, storage and marketing
systems have helped in more effective management of inflation.
Developments in India’s external trade in the first half of current
year have been encouraging. Diversification in export and import
market achieved.
Current account deficit at 3.6 per cent of GDP for 2011-12 and
reduced net capital inflow in the 2nd and 3rd quarters put
pressure on exchange rate.
India’s GDP growth in 2012-13 expected to be 7.6 per cent +/- 0.25
4
per cent
5. HIGHLIGHTS OF BUDGET FY2012-13
For Indian economy, recovery was interrupted this year due to
intensification of debt crises in Euro zone, political turmoil in
Middle East, rise in crude oil price and earthquake in Japan.
GDP is estimated to grow by 6.9 per cent in 2011-12, after having
grown at 8.4 per cent in preceding two years.
India however remains front runner in economic growth in any
cross-country comparison.
Monetary and fiscal policy response for better part of past 2 years
aimed at taming domestic inflationary pressure.
Growth moderated and fiscal balance deteriorated due to tight
monetary policy and expanded outlays.
Indicators suggest that economy is turning around as core sectors
and manufacturing show signs of recovery.
6. HIGHLIGHTS OF BUDGET FY2012-13
At this juncture, it is necessary to take hard decision to improve
macroeconomic environment and strengthen domestic growth
drivers.
Twelfth Five Year Plan to be launched with the aim of “faster,
sustainable and more inclusive growth”. Five objectives identified
to be addressed effectively in ensuing fiscal year.
If India can build on its economic strength, it can be a source of
stability for world economy and a safe destination for restless
global capital.
8. INDIRECT TAXES
Service tax to be shorter by nearly 40 per cent.
Proposals from service tax expected to yield additional
revenue of 18,660 crore .
Given the imperative for fiscal correction, standard rate of
excise duty to be raised from 10 per cent to 12 per cent,
merit rate from 5 per cent to 6 per cent and the lower merit
rate from 1 per cent to 2 per cent with few exemptions.
Excise duty on large cars also proposed to be enhanced.
No change proposed in the peak rate of customs duty of 10
per cent on non-agricultural goods.
Duty-free allowances increased for eligible passengers and
for children of up to 10 years.
Proposals relating to Customs and Central excise to result
in net revenue gain of Rs27,280 crore .
8
10. AGRICULTURE
Plan Outlay for Department of Agriculture and Co-operation increased by 18
per cent.
Outlay for Rashtriya Krishi Vikas Yojana (RKVY) increased to `9,217 crore in
2012-13.
Initiative of Bringing Green Revolution to Eastern India (BGREI) has resulted
in increased production and productivity of paddy. Allocation for the scheme
increased to `1,000 crore in 2012-13 from `400 crore in 2011-12.
`300 crore to Vidarbha Intensified Irrigation Development Programme under
RKVY.
Remaining activities to be merged into following missions in Twelfth Plan:
National Food Security Mission
National Mission on Sustainable Agriculture including Micro Irrigation
National Mission on Oilseeds and Oil Palm
National Mission on Agricultural Extension and Technology
National Horticultural Mission
Target for agricultural credit raised by `1,00,000 crore to `5,75,000 crore in
2012-13.
Kisan Credit Card (KCC) Scheme to be modified to make KCC a smart card
which could be used at ATMs 10
11. INFRASTRUCTURE DEVELOPMENT
During Twelfth Plan period, investment in infrastructure to go up to
`50 lakh crore with half of this, expected from private sector.
More sectors added as eligible sectors for Viability Gap Funding
under the scheme “Support to PPP in infrastructure”.
Government has approved guidelines for establishing joint venture
companies by defence PSUs in PPP mode.
First Infrastructure Debt Fund with an initial size of `8,000 crore
launched earlier this month.
Tax free bonds of `60,000 crore to be allowed for financing
infrastructure projects in 2012-13.
A harmonised master list of infrastructure sector approved by the
Government.
IIFCL has put in place a structure for credit enhancement and take-
out finance for easing access of credit to infrastructure projects.
11
12. TRANSPORT : ROAD AND CIVIL
AVIATION
Target of covering a length of 8,800 kilometre under NHDP next
year.
Allocation of the Road Transport and Highways Ministry
enhanced by 14 per cent to `25,360 crore .
ECB proposed to be allowed for capital expenditure on the
maintenance and operations of toll systems for roads and
highways, if they are part of original project.
Direct import of Aviation Turbine Fuel permitted for Indian
Carriers as actual users.
ECB to be permitted for working capital requirement of airline
industry for a period of one year, subject to a total ceiling of US $
1 billion.
Proposal to allow foreign airlines to participate upto 49 per cent in
the equity of an air transport undertaking under active
consideration of the government 12
13. TEXTILES
Government has announced a financial package of 3,884 crore for
waiver of loans of handloom weavers and their cooperative
societies.
Two more mega handloom clusters, one to cover Prakasam and
Guntur districts in Andhra Pradesh and another for Godda and
neighbouring districts in Jharkhand to be set up.
Three Weaver’s Service Centres one each in Mizoram, Nagaland
and Jharkhand to be set up for providing technical support to poor
handloom weavers.
500 crore pilot scheme announced for promotion and application of
Geo-textiles in the North Eastern Region.
A power loom mega cluster to be set up in Ichalkaranji in
Maharashtra with a budget allocation of `70 crore .
13
14. INDUSTRIAL DEVELOPMENT
Micro, Small and Medium Enterprises:
5,000 crore India Opportunities Venture Fund to be set
up with SIDBI.
To enable greater access to finance by Small and
Medium Enterprises (SME), two SME exchanges
launched in Mumbai recently.
Policy requiring Ministries and CPSEs to make a
minimum of 20 per cent of their annual purchases from
MSEs approved. Of this, 4 per cent earmarked for
procurement from MSEs owned by SC/ST entrepreneurs
14
15. RURAL DEVELOPMENT &
PANCHAYAT RAJ
Budgetary allocation for rural drinking water and
sanitation increased from 11,000 crore to `14,000 crore
representing an increase of over 27 per cent
Allocation for PMGSY increased by 20 per cent to
Rs.24,000 crore to improve connectivity.
Major initiative proposed to strengthen Panchayats
through Rajiv Gandhi Panchayat Sashaktikaran
Abhiyan .
Backward Regions Grant Fund scheme to continue in
twelfth plan with enhanced allocation of 12,040 crore
in 2012-13, representing an increase of 22 per cent over
the BE 2011-12.
15
16. EDUCATION
For 2012-13, 25,555 crore provided for RTE-SSA representing an
increase of 21.7 per cent over 2011-12.
6,000 schools proposed to be set up at block level as model schools
in Twelfth Plan.
3,124 crore provided for Rashtriya Madhyamik Shiksha Abhiyan
(RMSA) representing an increase of 29 per cent over BE 2011-12.
16
17. HEALTH
No new case of polio reported in last one year.
Existing vaccine units to be modernized and new integrated
vaccine unit to be set up in Chennai.
Scope of ‘Accredited Social Health Activist’ – ‘ASHA’ is being
enlarged. This will also enhance their remuneration.
Allocation for NRHM proposed to be increased from 18,115 crore
in 2011-12 to 20,822 crore in 2012-13.
National Urban Health Mission is being launched.
Pradhan Mantri Swasthya Suraksha Yojana being expanded to
cover up gradation of 7 more Government medical colleges.
17
18. SECURITY
A provision of 1,93,407 crore made for Defence services including
`79,579 crore for capital expenditure. Any further requirement to
be met.
1,185 crore proposed to be allocated for construction of nearly
4,000 residential quarters for Central Armed Police Forces.
3,280 crore proposed to be allocated for construction of office
building of Central Armed Police Forces.
Scheme to create National Population Register likely to be
completed within next 2 years.
18
19. GOVERNANCE
UID- Aadhaar
Enrolment of 20 crore persons completed under UID mission.
Adequate funds to be allocated to complete enrolment of another
40 crore persons.
Black Money
Proposal to lay a White Paper on Black Money in current session
of Parliament.
Public Procurement Legislation
Bill regarding Public Procurement Legislation to be introduced in
the Budget
Session of the Parliament.
Legislative measures for strengthening anti-corruption
framework are at various
stages of enactment. 19
20. BUDGET ESTIMATE 12-13
Gross Tax Receipts estimated at `10,77,612 crore.
Net Tax to Centre estimated at `7,71,071 crore.
Non-tax Revenue Receipts estimated at `1,64,614 crore.
Non-debt Capital Receipts estimated at `41,650 crore.
Temporary arrangement to use disinvestment proceeds for
capital expenditure in social sector schemes extended for one
more year.
Total expenditure for 2012-13 budgeted at `14,90,925 crore.
Plan expenditure for 2012-13 at `5,21,025 crore is 18 per cent
higher than BE 2011-12. This is higher than 15 per cent projected
in Approach to the Twelfth Plan.
99 per cent of the total plan outlay met in the Eleventh Plan.
Non-plan expenditure estimated at `9,69,900 crore.
20
21. BUDGET ESTIMATE 12-13
`3,65,216 crore estimated to be transferred to States including
direct transfers to States and district level implementing
agencies.
Entire amount of subsidy is given in cash and not as bonds in lieu
of subsidies.
Fiscal deficit at 5.9 per cent of GDP in RE 2011-12.
Fiscal deficit at 5.1 per cent of GDP in BE 2012-13.
Net market borrowing required to finance the deficit to be `4.79
lakh crore in 2012-13.
Central Government debt at 45.5 per cent of GDP in 2012-13 as
compared to Thirteenth Finance Commission target of 50.5 per
cent.
Effective Revenue Deficit to be 1.8 per cent of GDP in 2012-13.
21
22. PROS CONS
This Budget identifies five No capital gains tax for SMEs on
objectives relating to growth sale of residential property
recovery, private investment, Budget 2012 won't alter market
supply bottlenecks, expectations
malnutrition and governance Budget 2012 fails to deliver
matters.
short-term growth punch.
budget is good for our bright Budget 2012-13 disappoints
future because government is
InfoTech sector with most
trying to reduce fiscal deficit it
expectations not met
is possible through only
increasing tax. Budget 2012: Not enough action
on fiscal correction
Union Budget 2012-13 is no tonic
for a slowdown-hit economy 22
23. IMPACT ANALYSIS : INDIA INC
PROPOSED EFFECT
Excise duty and service tax Price need to be raised, margins
raised to 12% from 10% may get affected
Investment in infrastructure to More opportunities for private
go up to 50 lakhs crore in 12th sector to invest in PPP projects
plan; half expected from private
sector
New sector to be added for Incentives for investment
purpose of investment linked
deduction
23
24. IMPACT ANALYSIS :CAPITAL
MARKET
PROPOSED EFFECT
Reduction Of STT on delivery Transaction costs will come
based sale and purchase of down
share from 0.125 to 0.1 %
Qualified foreign investors Deepening of corporate debt
allowed to invest in corporate market
bond market
IPO of Rs 10 cr. And above will Cost of issuing shares will come
only be in electronic from
downs; opens doors for more
retail investors From Tier 2/3
towns
24
25. IMPACT ANALYSIS : TAX PAYER
PROPOSED EFFECT
Individuals exemption limit to Provides tax relief of Rs 2,000
be raised to Rs 200,000
Allow deduction of up to Rs 10 More benefit for senior citizens
lakhs for interest from saving
accounts
Tax benefit of Rs20,000
Upper limits of 20% to be raised
to 10 lakh from 8 lakh
Allow deduction of up to Rs Health awareness
5000 for preventive health
check up
25
26. IMPACT ANALYSIS : ECONOMY
PROPOSED EFFECT
Rs 30,000 crore to be raised Retail investors will get PSU
from disinvestment in 2012-13 shares
Provision regarding Minimize transfer pricing
implementation of Advance litigation Big boost to IT and
Pricing Agreement to be BPO service providers
introduced in finance bill,2012
Rs 15, cr. To be provided for Banks will be better equipped
capitalization of public sector to face competition
banks and financials
institutions
More long term financing
Tax-free bonds of Rs 60,000 cr.
instruments for infrastructure
For financing infrastructure
projects
projects in 2012-13
26
27. Demand will boost because of rural development
and increase in exemption limit.
Sales will increase as there is rise in the income
of the consumer.
As the Profit increase it will lead to increase in
taxes.
Government income will increase.
27
28. Disclaimer
This presentation is prepared for knowledge
sharing and awareness. We can use the
information provided here . We have tried not
to hide original credits nor we are using this
presentation for any personal financial gain.
Information available in this presentation are
our view about the topic which we feel should
be shared. The information and views
expressed herein are believed to be reliable,
but no responsibility (or liability) is accepted
for errors of fact or opinion.