The finance minister slashed securities transaction tax (STT) by 20% to from 0.125% to 0.1% which will help bring down transaction cost.
Below
are some of the key highlights of the budget:
- GDP growth in 2012-13 pegged at 7.6 per cent.
- Disinvestment target at Rs. 30,000 crore for FY2012-13.
- Fiscal deficit at 5.1 per cent of GDP in FY 2012-13.
- Income tax slab proposed for FY 2012-13
|
Income |
Tax Rates |
|
Up to 2 lakhs |
NIL |
|
2 lakhs- 5 lakhs |
10% |
|
5 lakhs- 10 lakhs |
20% |
|
More than 10 lakhs |
30% |
Changes
