* Standard rate of excise duty held at 10 percent; no change in CENVAT rates
* Personal income tax exemption limit raised to Rs 180,000 from Rs 160,000 for individual tax payers
* For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs 2.50 lakh.
* Citizens over 80 years to have exemption limit of Rs 5 lakh.
* To reduce surcharge on domestic companies to 5 percent from 7.5 percent.
* A new revised income tax return form 'Sugam' to be introduced for small tax papers.
* To raise minimum alternate tax to 18.5 percent from 18 percent
* Direct tax proposals to cause 115 billion rupees in revenue loss
* Service tax rate kept at 10 percent
* Customs and excise proposals to result in net revenue gain of 73 billion rupees >>> More >>
Highlights of Union Budget 2011-12
GDP estimated to have grown at 8.6% in 2010-11 Exports grown by 9.6%, imports by 17.6% in April-January 2010-11 over corresponding period last year Indian economy expected to grow at 9% in 2011-12. Five-fold strategy to deal with black money. Group of Ministers to suggest ways for tackling corruption Public Debt Management Agency of India Bill to come up next financial year Direct Tax Code (DTC) to be effective from April 01, 2012 Phased move towards direct transfer cash subsidy to BPL people for better delivery of kerosene, LPG and fertilizer mooted Rs.40,000 crore to be raised through disinvestment in 2011-12 FDI policy to be liberalized further >>> More >>
* For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs 2.50 lakh.
* Citizens over 80 years to have exemption limit of Rs 5 lakh.
* To reduce surcharge on domestic companies to 5 percent from 7.5 percent.
* A new revised income tax return form 'Sugam' to be introduced for small tax papers.
* To raise minimum alternate tax to 18.5 percent from 18 percent
* Direct tax proposals to cause 115 billion rupees in revenue loss
* Service tax rate kept at 10 percent
* Customs and excise proposals to result in net revenue gain of 73 billion rupees >>> More >>
Highlights of Union Budget 2011-12
Historical Performance of Indian Capital Market on Budget Day
| Budget Date | Budget Day | Previous Day | Next Day | Pre-Week | Post Week |
| 28-Feb-01 | 4.36% | -1.05% | 0.58% | -2.38% | -11.28% |
| 28-Feb-02 | -3.87% | -0.19% | 3.27% | -0.98% | 1.17% |
| 28-Feb-03 | 0.19% | 0.52% | -0.19% | -0.56% | -3.92% |
| Jul 8 2004 | -2.26% | 0.56% | 2.10% | 0.05% | 2.72% |
| 28-Feb-05 | 2.19% | -0.07% | -0.94% | 1.89% | 2.67% |
| 28-Feb-06 | 0.86% | 0.80% | 1.88% | 3.90% | 1.96% |
| 28-Feb-07 | -4.01% | -1.25% | 1.71% | -10.17% | -0.41% |
| 29-Feb-08 | -1.38% | -0.01% | -5.12% | -0.22% | -8.25% |
| 06-Jul-09 | -5.83% | 1.74% | 0.90% | -2.11% | 1.49% |
| 26-Feb-10 | 1.08% | -0.01% | 2.09% | 0.00% | 4.07% |
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