Budget 2008 Highlights

Feb 29 2008  | Views 550 |  Comments  (3)
 Budget 2008  Highlights >Waiver of all loans for marginal and small farmers.  &g... Expand

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  world finance posted 5 mnths ago

Welcome



  world finance posted 5 mnths ago

>Threshold limit for taxes for senior citizens Rs. 2,25,000.
 >15% increase in taxes for short-term capital gains. 
  > Higher rates of taxes for both filtered and unfiltered cigarettes. 
  >Rs. 450 per metric ton excise duties on cement clinkers. 
 >Excise duties eliminated on set-top boxes for televisions.
 >30% tax for income over Rs. 5,00,000. 
 >Surcharge on corporate tax remains unchanged.
 >No changes in corporate tax rate
 >Exemption of taxes for persons paying medical insurance premium for parents. 
 >Threshold limit for taxes for women Rs. 1,80,000.
 Rs. 3,00,000 to 5,00,000 to be taxed at 20% rate.
 Rs. 1,50,000 to 3,00,000 to be taxed at 10% rate.
 Threshold limit for taxes increased to Rs. 1,50,000.



  Kala BN posted 5 mnths ago

Good info. Thanks world finance





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