Pradeep Jain, Chairman, Parsvnath Developers Limited

We welcome the abolition of the fringe benefit tax (FBT) and the roadmap laid for the implementation of the goods and sales tax (GST) by 2010....

Deena Mehta, MD, Asit C Mehta Investment Interrmediates Limited

Direct tax rates did not go down for corporates, but there was removal of fringe benefit tax (FBT)....

Pradeep Jain, Chairman, Parsvnath Developers Limited

The budget, which is a spending budget, will help the country to re-energize and swiftly move back to the growth trajectory. We welcome the abolition of the Fri...

Kumar Mangalam Birla, Chairman, Aditya Birla Group

Fringe benefit tax (FBT) doesn’t have a big impact in terms of numbers. It is not a financial impact but the hassle of administering it for companies like us, t...

Sanjay Sinha, CEO, DBS Cholamandalam Asset Management

No new taxes and removal of fringe benefit tax (FBT) and surcharge on personal taxes would lead to the public consumption remaining intact. While minimum altern...

Gautam Adani, Chairman, Adani Group

With the abolition of fringe benefit tax (FBT) and surcharge on IT, more money will be available in individual hands in these challenging times. This will catal...

Swati Piramal, Sr. Vice President, ASSOCHAM

FBT abolition is on the right direction since this taxation had irritant effects. Minimum alternative taxes (MAT) has been increased from 10% to 15% against the...

Swati Piramal, Sr. Vice President, ASSOCHAM

For the Pharma industry, introduction of GST (Goods and Service Tax) on time is a positive step and will reduce transaction costs significantly. We hope that ne...

S. Ramadorai, CEO & MD, , Tata Consultancy Services

For the IT industry, the extension of the tax exemption under STPI for one more year is a step in the right direction as is the abolition of FBT....

Sujit Sircar, CFO, iGATE

From the IT industry perspective, this budget has been good, considering the boost FM has given in the form of extension on the 10A/B scheme and also on the abo...

MS Arora, CEO, Zenith Birla

Removal of FBT is a welcome step which will help eliminating the cumbersome procedure to keep a track of figures under this head. No initiative to boost Export...

Sanjay Sakhuja, CEO, Ambit Corporate Finance

I was pleased that the FM finally abolished fringe benefit tax (FBT).

The minimum alternative tax (MAT) has been increased from 10% to 15%, is not un...

Ramesh Damani, Member, Bombay Stock Exchange

I think minimum alternate tax (MAT) will be taken very badly by corporate India. I think 10% rate was fine we could have dealt with MAT--15% or 50% increase is ...

Ramesh Damani, Member, Bombay Stock Exchange

There have been giveaways in terms of FBT which should not have been implemented in the first place. You cannot be thanking them for doing away with the tax whi...

Pramod Bhasin, Chairman, NASSCOM

Many of the initiatives in this year’s budget recognize the role the IT BPO industry can play in promoting inclusive growth and creating substantial employment ...

Dinesh Kanabar, Head-Tax, PwC India

On the simplified refund scheme, a huge amount of money of IT and IT enabled sector has been locked up in refunds because the proposition was that if you are in...

Som Mittal, President, NASSCOM

The Finance Minister’s decision to extend fiscal benefits available to the industry under Section 10A/10B for one year will help the industry mitigate the impac...

Ashok Wadhwa, MD and CEO, Ambit Holdings

They will be taxed as perquisites in the hand of employees versus FBT. However, I guess, a part of the tax will now get deferred to the point of times when you ...

S Gopalakrishnan, CEO, Infosys Technologies

Clearly the abolish of fringe benefit tax (FBT) will be beneficial to the IT Industry both from an administrative and overhead perspective as well as the actual...

S Gopalakrishnan, CEO, Infosys Technologies

Removing excise duty on packet software, streamlining, and the refund of service tax on overseas services is again something which the IT industry will benefit ...

S Gopalakrishnan, CEO, Infosys Technologies

the investment in education because the IT sector does require talent, require supply of talented people and the investment in IIT, NIIT etc would be positive f...

S Gopalakrishnan, CEO, Infosys Technologies

The domestic IT industry will benefit from investment into Unique identification (UID), automation of the employment exchanges. I think that is a good indicatio...

R Chandrasekaran, President and Managing Director, Global Delivery, Cognizant

The extension of the sunset clause on STPI (Software Technology Parks of India) by a year is welcome. While this will benefit the entire industry, it will speci...

P K Ranade, Joint Managing Director, Indo Asian Fusegear Limited

We welcome the abolition of the Fringe Benefit Tax (FBT)....

Sanjay Pai, CFO , Plethico Pharmaceuticals Ltd

Abolishing of Fringe benefit tax (FBT)was a tax which was yielding peanuts to the department but was costing the employees such as FBT on employee stock options...

Uday Kotak, Executive Vice Chairman & MD, Kotak Mahindra Bank

Fringe Benefit Tax (FBT) going away is a big benefit for lots of employees who had FBT on their Employee Stock Option Plans (ESOPs). I think that is also a very...

Infosys    2425.60    18.05

TCS    698.40    4.30

Wipro    643.25    -3.10

HCL Tech    339.10    -4.55

Oracle Financ    2201.90    5.45

Mphasis    697.40    5.65

Mahindra Satyam    101.65    -1.95

Tech Mahindra    971.30    -14.75

Financial Tech    1377.75    -22.20

Patni Computer    464.25    -1.90

Rolta    175.90    2.00

Polaris    171.05    3.30

Infotech Enter    283.10    -2.35

3i Infotech    81.55    -0.90

Hexaware Tech    92.45    -0.10

Hinduja Global    520.00    -8.60

NIIT Tech    154.90    -3.05

Geodesic    92.75    2.10

Mastek    305.90    -14.75

ICSA    171.35    7.45