Sensex choppy; MAT rate raised from 18% to 18.5% in budget

The 30-share BSE Sensex regained further amid extreme volatility after announcement of direct tax by Finance Minister Pranab Mukherjee in his Union Budget 2011-12 speech.

February 28, 2011 / 12:32 IST

The 30-share BSE Sensex regained further amid extreme volatility after announcement of direct tax by Finance Minister Pranab Mukherjee in his Union Budget 2011-12 speech.

FM said exemption limit for general tax payers raised to Rs 1.8 lakh from Rs 1.6 lakh and qualifying age for senior citizens reduced to 60 vs 65. For the companies, the government has reduced current surcharge of 7.5% on domestic companies to 5% and proposed to levy MAT on developers of SEZ

first published: Feb 28, 2011 12:29 pm

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