HomeNewsBusinessCompaniesPranab's budget spares the axe, reliefs in taxes are mild

Pranab's budget spares the axe, reliefs in taxes are mild

Service tax and excise stay at 10%, but ambit of taxes have been extended and exemption withdrawn. Hotels, restaurants, air travel and healthcare bills will rise.

March 01, 2011 / 12:54 IST

By R Jagannathan, Editor-in-chief, Web 18 business portals

The Union Budget for 2011-12 presented by Finance Minister Pranab Mukherjee to Parliament on Monday is widely seen as taxpayer- and market-friendly. While it provides tax relief to individual taxpayers and corporate assessees, it has also sought to avoid any across-the-board increases in excise and service taxes

first published: Feb 28, 2011 02:54 pm

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