Indian Union budget 2011- 2012

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Indian Union budget 2011- 2012

  1. 1. Union Budget<br />2011-2012<br /> PRESENTED BY<br />VIMAL MAURYA<br />PG10-099<br />
  2. 2. REVENUE <br />1. Gross tax receipts seen at Rs 9.32 trillion in 2011-12<br />2. Corporate tax receipts seen at Rs 3.6 trillion in 2011-12<br />3. Tax-to-GDP ratio seen at 10.4 percent in 2011-12; seen at 10.8 percent in 2012-13<br />4. Customs revenue seen at Rs 1.52 trillion in 2011-12<br />5. Factory gate duties seen at Rs 1.64 trillion in 2011-12<br />6. Non-tax revenue seen at Rs 1.25 trillion in 2011-12<br />7. Service tax receipts seen at Rs 82,000 crore in 2011-12<br />8. Telecom fees, auction of broadband spectrum to raise Es 296.5 billion in 2011-12<br />
  3. 3. REVENUE <br />
  4. 4. TOTAL ANNUAL BUDGET<br />2011-12 IS<br />- $273b<br />Or $273000m<br />Or `1257729 crore<br />Which is more than 147 countries GDP<br />EXPENDITURE <br />
  5. 5. One-Minute Budget<br />
  6. 6. One-Minute Budget<br />
  7. 7. <ul><li>Rate of MAT proposed to be increased from 18 per cent to 18.5 per cent of book profits
  8. 8. Lower rate of Central Excise Duty enhanced from 4 per cent to 5 per cent
  9. 9. AC restaurants serving liquor to come under service tax net
  10. 10. Health Check-Ups in Private hospitals to become expensive
  11. 11. EXPENSIVE: International Air Travel</li></ul>EXPENSIVE: Domestic Air Travel<br /><ul><li>Tax on life insurance service providers could be negative for insurance companies
  12. 12. Travel, Healthcare to become expensive due to increased service tax
  13. 13. Lack of FDI in retail was a disappointment
  14. 14. New service tax to hurt companies in hospitality
  15. 15. Hike in export duty on Iron Ore is a negative, says MotilalOswal
  16. 16. Air travel to cost more
  17. 17. Branded clothes may cost more</li></ul>Negative<br />
  18. 18. FISCAL DEFICIT  <br />
  19. 19. Borrowing<br />
  20. 20. Taxes<br />1. Standard rate of excise duty held at 10 percent<br />2. Service tax rate held at 10 percent<br />3. Scope of service tax to be widened<br />4. Minimum alternate tax raised to 18.5 percent from 18 percent<br />5. Iron ore export duty raised to 20 percent<br />6. Personal income tax exemption limit raised to Rs 180,000<br />7. Surcharge on domestic companies raised to 5 percent<br />
  21. 21. IncomeTaxSlabs<br />1. Exemption Limit for Women : 1.9 Lacs<br />2. Exemption Limit for Senior Citizen : 2.5 Lacs<br />
  22. 22. Impact on yoursavings<br />
  23. 23. Subsidies<br />1. Subsidy bill in 2011-12 seen at Rs 1.44 trillion<br />2. Food subsidy bill in 2011-12 seen at Rs 605.7 billion<br />3. Revised food subsidy bill for 2010-11 at Rs 606 billion<br />4. Fertiliser subsidy bill in 2011-12 seen at Rs 500 billion<br />5. Revised fertiliser subsidy bill for 2010-11 at Rs 550 billion<br />6. Petroleum subsidy bill in 2011-12 seen at Rs 236.4 billion<br />7. Revised petroleum subsidy bill in 2010-11 at Rs 384 billion<br />8. State-run oil retailers to be provided with Rs 200 billion cash subsidy in 2011-12<br />
  24. 24. THANK<br />U<br />

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