Finance Minister Will Announce The Union Budget

Finance Minister Will Announce The Union Budget:
The Finance Minister is all set to announce the Union Budget 2012 on 16 March 2012. Here’s a list of reforms that may affect your household budget.

The Finance Minister may finally introduce the Direct Tax Code in this years Budget. The Parliamentary Panel has recommended increasing the income tax exemption limit from Rs 1.8 lakh to Rs 3 lakh. This move will increase the disposable income of the salaried individual.

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