4,500 crore and net gain.
Total windows 8 pro n activation key expenditure for 2012-13 budgeted.
50 lakh crore in 12th period, with half from private sector; Tax free bonds.Many services and goods to cost more: No change in corporate tax rate, but standard rate of excise duty, as also service tax rates, raised from 10 per cent to 12 per cent; No change in peak customs duty of 10 per cent.It also supports businesses to meet the challenges of the mining boom through a loss carry-back reform, which builds on the instant asset write off due to start on This budget also launches the first stage of the historic National Disability Insurance Scheme, strengthens the.Gross Tax Receipts estimated.Capital boost to financial and infrastructure sectors:.Our strong fiscal position sends a strong message to international investors on the Government's commitment to fiscal discipline and provides a buffer in uncertain economic times.7,71,071 crore; Non-Tax Revenue Receipts estimated.
Financial Highlights of Budget 2012-12: * Direct proposals to give in net revenue loss.
1,64,614 crore and Non-debt Capital Receipts.
Attracting foreign funds: Efforts on to allow FDI in multi-brand retail and permitting foreign airlines invest in domestic players; External borrowings to the extent of USD one billion for aviation companies; Qualified Foreign Investors to get access to corporate bond market.
Total expenditure budgeted.
2,00,000; 10 per cent tax for 2-5 lakh income; 20 per cent for 5-10 lakh and 30 per cent beyond.
Defence services get.15,888 crore to be provided for capitalisation of public sector banks and financial institutions; Infrastructure investment.Fiscal deficit targeted.1 per cent of GDP in 2012-13, down from.9 per cent in 2011-12; Central Government debt.5 per cent of GDP.1,93,407 crore; any further requirement to be met.Boost for capital markets: Securities Transaction Tax on cash delivery reduced by 25 per cent.1 per cent; A new Rajiv Gandhi Equity Saving Scheme to allow income tax deduction to retail investors in stocks.The budget spreads the benefits of the mining boom to help low and middle-income families, through increased payments to families and an allowance for eligible income recipients.Fight against black money: White paper on black money in current session of Parliament; Introduction of compulsory reporting requirement for assets held abroad; tax collection at source on high-value cash purchase of bullion, jewellery, immovable property and trading in coal, lignite and iron ore.Following are some of the key highlights of the Union Budget 2012-13, presented by Finance Minister Pranab Mukherjee in the Parliament on Friday: * Tax burden for individuals to come down: Income tax exemption limit raised from.A General Anti-Avoidance Rule (gaar) to be introduced to counter aggressive tax avoidance.Tax relief for stressed sectors: Sectors like agriculture, infrastructure, mining, railways, roads, civil aviation, manufacturing, health and nutrition, and environment to get duty relief; Turnover limit for compulsory tax audit for SMEs raised from Rs 60 lakh to Rs 1 crore.Tax reforms: Direct Taxes Code (DTC) at earliest; GST network to be operational by August 2012; Central Excise and Service Tax being harmonized.Large cars, imported bicycles, cigarettes, bidis and some imported jewellery to cost more; branded silver jewellery may get cheaper.Farming for growth: Target for agricultural credit raised to Rs 5,75,000 crore; Interest subvention for short-term crop loans to farmers at 7 per cent interest continues; spiderman 2 game for pc highly compressed additional 3 per cent for prompt paying farmers.10,77,612 crore,.6 per cent higher than original budget estimates and.5 per cent over the revised estimates for 2011-12.