Union Budget 2011 Highlights on Tax Fresh category of senior citizens above eighty years to obtain higher IT deduction limit of Rs. five lakh from current year Funding in fertilizer plants and machinery to be dealt as infrastructure investment IT exemption for taxpayers hiked from Rs. 1.6 lakh to Rs. 1.8 lakh. Tax relief is about Rs.2,000 across-the-board. Govt to let issue of Rs. 30000 crore worth of tax-free bonds by infrastructure companies …
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The future development of Indian Railways is to be increasingly subjected to the discipline of the capital market, comprising those overseas, even as This time, the rail budget guaranteed a dividend of Rs4,104.50 crore in this fiscal. It is 26% lesser than Rs6,608.46 crore proposed in Mamata Banerjee’s 2010 budget. It made this partly by slashing the back money dedicated on maintaining tracks and rolling stock. Alternate feature of this budget w…