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Bigger tax relief for home-loan borrowers?

Finance minister Pranab Mukherjee may have some good news for home-loan borrowers in the 2012-13 budget. The government is considering a proposal to double the tax deduction limit on interest on home loans to Rs. 3 lakh per annum. HT reports. Welcome measure

What's the need for a separate Rail budget: Ask experts

Is there a need for a separate railway budget? Even as railway minister Dinesh Trivedi presented his first rail budget on Wednesday, this is the question most experts have been asking, HT writes.

Budget highlights: Tax benefits, but costlier services

Highlights of the budget for 2012-13 presented by finance minister Pranab Mukherjee in the Lok Sabha on Friday.

A little more cash for common man

For an economy still slowing down and unlikely to see brisk hiring or steep payhikes, finance minister Pranab Mukherjee has given salaried bread-winners a reason to cheer. HT reports. Graphics | Personal taxes

Buying land? Or jewellery above Rs. 2 lakh? Your tax net just widened

If you are buying bullion or jewellery worth Rs. 2 lakh or more, or sold property or land, beware: the taxman is watching you.

Exemptions: men are catching up

Men finally catch up with women. Finance minister Pranab Mukherjee on Friday hiked the annual income tax exemption limit by Rs. 20,000—but only for men.

How can a small tax break be a substantial relief, MR FM?

The main objective of any tax system is to raise revenues to fund government expenditure. The amount of revenue raised is determined to a large extent by tax bases and tax rates.

Budget 2012: No service tax on Metro, taxi, 2nd-class rail travel

Metered taxis, entry to amusement facilities, second-class rail travel, and betting, gambling and lottery will not attract the 12% service tax, as per the budget proposal. The other side of budget  | Highlights | Reforms


What do you expect from Budget 2012?

The Budget 2012-13 will be presented on March 16 by the Union finance minister Pranab Mukherjee. Share with us your views and expectations from the finance minister on this year's budget.