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    Expected Union Budget 2010-11: Finance Minister:-Mr. Pranab Mukherjee BY Vikash Kr. Sinha Sarita

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    Nawanit Kumar
    The document summarizes the expected Indian union budget for 2010-11. It is expected to focus on increasing funding for rural electrification, health, education, and women's programs. Tax exemptions are expected to increase for individuals and corporate tax rates may be reduced by 30%. Infrastructure development, controlling inflation, and increasing GDP and job growth will also be priorities. The budget aims to benefit common people and support development of key sectors like agriculture, dairy, petrochemicals, and others through subsidies and tax changes.

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    Expected Union Budget 2010-11: Finance Minister:-Mr. Pranab Mukherjee BY Vikash Kr. Sinha Sarita

    Uploaded by

    Nawanit Kumar
    6 views11 pages
    The document summarizes the expected Indian union budget for 2010-11. It is expected to focus on increasing funding for rural electrification, health, education, and women's programs. Tax exemptions are expected to increase for individuals and corporate tax rates may be reduced by 30%. Infrastructure development, controlling inflation, and increasing GDP and job growth will also be priorities. The budget aims to benefit common people and support development of key sectors like agriculture, dairy, petrochemicals, and others through subsidies and tax changes.

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    The document summarizes the expected Indian union budget for 2010-11. It is expected to focus on increasing funding for rural electrification, health, education, and women's programs. Tax exemptions are expected to increase for individuals and corporate tax rates may be reduced by 30%. Infrastructure development, controlling inflation, and increasing GDP and job growth will also be priorities. The budget aims to benefit common people and support development of key sectors like agriculture, dairy, petrochemicals, and others through subsidies and tax changes.

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    6 views11 pages

    Expected Union Budget 2010-11: Finance Minister:-Mr. Pranab Mukherjee BY Vikash Kr. Sinha Sarita

    Uploaded by

    Nawanit Kumar
    The document summarizes the expected Indian union budget for 2010-11. It is expected to focus on increasing funding for rural electrification, health, education, and women's programs. Tax exemptions are expected to increase for individuals and corporate tax rates may be reduced by 30%. Infrastructure development, controlling inflation, and increasing GDP and job growth will also be priorities. The budget aims to benefit common people and support development of key sectors like agriculture, dairy, petrochemicals, and others through subsidies and tax changes.

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    of 11

    EXPECTED UNION BUDGET

    2010-11
    Finance minister:- Mr. Pranab Mukherjee

    BY
    Vikash Kr. Sinha
    Sarita
    RUPEES COMES FROM:-

    ONE
    RUPEES
    ALLOCATION OF FUNDS
    Rural electrification project will be top agenda
    More allocation of funds to health & education
    scheme
    More funds for women upliftment scheme
    Ample amount of funds to upgrade defence sector
    Economic aid to Small & Medium Enterprises (SMEs)
    More allocation of funds to NREGA, Mid Day Meal &
    Sarva Shiksha Abhiyan
    More emphasis on infrastructure development
    GENERAL EXPECTATIONS

    30% reduction in Corp0rate tax

    Gratuity limit to be raised fromRs 3.5 lakh to Rs 10 lakh

    Open General License (OGL) on gold imports

    For Power sector hoping to discourage Chinese import

    Stimulas package to be continue

    Implementation of Goods & Services Tax (GST)

    Increase in excise duty

    Implementation of Direct Tax Code(DTC)
    PRESENT TAX SLAB :- 2009-10
    TAX RATE AAM AADMI WOMEN SENIOR CITIZEN
    0% 1,60,000 1,90,000 2,40,000
    10 % 1,60,001 - 3,00,000 1,90,001 - 3,00,000 2,40,001 - 3,00,000
    20 % 3,00,001 – 5,00,000 3,00,001 – 5,00,000 3,00,001 – 5,00,000
    30 % 5,00,000 & above 5,00,000 & above 5,00,000 & above

    EXPECTED TAX SLAB :- 2010-11


    TAX RATE AAM AADMI WOMEN SENIOR CITIZEN
    0% 0 - 2,00,000 0 - 2,50,000 0 - 3,00,000
    10 % 2,00,001 – 5,00,000 2,50,001 - 5,00,000 3,00,001 - 5,00,000
    20 % 5,00,001 -10,00,000 3,50,001 -10,00,000 3,50,001 -10,00,000
    30 % 10,00,000 & 10,00,000 & 10,00,000 &
    above above above
    For Agriculture & Dairy Industry

    More subsidies and reduction in taxes on fertilizers &


    other agriculture products
    Govt will take proper steps to boost up the agriculture
    industry
    Conversion of agricultural land into non-agricultural
    land for the use of other purpose has to be stopped
    Subsidy purchase of farm equipments
    Lessen in price regulation of dairy products
    For Petrochemicals/Chemicals
    Realization of direct tariffs
    Monetary incentives for setting & managing cross-
    nation oil & petroleum pipeline system
    Rise in price of petroleum products
    For Finance/Insurance/Investment
    Increase in foreign investment
    More job opportunities
    New industrial ventures
    OTHER INDUSTRIES
    For IT industry hoping for tax holiday
    For Telecom sector , a unified tax rate system which will save
    30% of their revenues
    For Real Estate, stabilized bank interest rate & reduced stamp
    duty
    For Automobiles Ind. reduction of import duty on hybrid car
    from 60% to 50%
    For Metals Ind, reduction of custom duty on zinc
    For Steel Ind, reduction in excise duty
    For Sugar Ind, decontrolling in terms of cost & tariff allocation
    For Textile Ind, reduction in interest rates of its export section
    CONCLUSION
    This year budget will be for Aam Admi.
    Main attention will be paid on:
     Infrastructure development
     To control food inflation
     To increase the GDP from 7.25% to 9-10%
     More job opportunities
     Development of agriculture sector
    THANK YOU

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