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The new tax slabs
With basic exemption for individual tax payers increased by Rs 10,000 for general tax payers and women and Rs 15,000 for senior citizens (i.e. 65 years and above), the tax slabs will stand as follows:
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Pranab Mukherjee's Budget Speech
Finance Minister Pranab Mukherjee presented the Budget for 2009-10 on July 6. Following is the Budget Speech of Finance Minister Pranab Mukherjee:
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LIVE Commentary! Budget 2009-10
This is the rediff.com Budget 2009-10 Live Commentary, including Budget opinions, expectations, economy and taxation-related news, interviews, columns, and an insight into financial and business news and information.
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Budget gobbledygook, simplified!
Here is a financial glossary of words and phrases linked to the budgetary exercise to help you manoeuvre your way through the maze that is the Budget.
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Interviews: How to negotiate your salary
It's good idea to avoid salary discussions before the intent of hiring you has been clearly communicated.
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I-T exemption limits raised by Rs 10,000
Finance minister Pranab Mukherjee proposed to raise by Rs 10,000 the exemption limit for women on Income Tax.
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What's cheaper, what's costlier
Select life saving drugs, LCD TVs, mobile phones, branded jewellery, sports and leather products, packaged software and footwear are among items that would cost less, while gold bars and coins, silver, set-top boxes and cosmetic surgery would turn costlier after the Budget.
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Buying a house? Check out these 'costs'
There are many costs in buying or selling homes that aren't factored in. The result: higher-than-anticipated expenses
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Why Rs 1 lakh tax-free investment limit is useless
A case study on why the Rs 1 lakh (Rs 100,000) tax-free investment limit for Section 80C of the Income Tax Act is ridiculously low and impractical.
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Highlights of the Interim Budget 2009-10
Presenting the interim Budget for 2009-10 in Lok Sabha, acting Finance Minister Pranab Mukherjee claimed in Parliament on Monday that every effort has been made to fulfil promises made to the common man.
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