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Union Budget 2011-12 Income Tax Highlights by John Doin is a document available to read on EtoBox.

What is Union Budget 2011-12 Income Tax Highlights about?

The document summarizes the major tax-related highlights from the Indian Union Budget for 2011-2012, as presented by the Finance Minister. Some key points include: - The corporate tax rate remains unchanged at 30% but the Minimum Alternate Tax rate is increased to 18.5% from 18%. - Basic income tax exemption limits are increased for individual taxpayers and senior citizens. The tax slabs are also widened. - The tax rate on dividends received by Indian companies from foreign subsidiaries is lowered to 15% f

Author

John Doin

Language

EN