https://www.taxtmi.com/article/detailed?id=1630 Budget proposals restructure income tax tiers with a zero-tax lowest band and capped exempt interest income; corporate tax unchanged. Securities Transaction Tax for delivery trades is reduced. Service taxation moves to a negative list with limited exemptions while service tax and general excise rates are increased. Specific measures include exemption of school education, selective film copyright exemptions, full excise exemption for branded silver jewellery, higher excise on large cars, customs duties on gemstones, higher basic customs on certain precious metals, and increased sin taxes on tobacco. en-us Fri, 16 Mar 2012 14:34:06 +0530 Sat, 14 Sep 2013 23:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1630 Budget proposals restructure income tax tiers with a zero-tax lowest band and capped exempt interest income; corporate tax unchanged. Securities Transaction Tax for delivery trades is reduced. Service taxation moves to a negative list with limited exemptions while service tax and general excise rates are increased. Specific measures include exemption of school education, selective film copyright exemptions, full excise exemption for branded silver jewellery, higher excise on large cars, customs duties on gemstones, higher basic customs on certain precious metals, and increased sin taxes on tobacco. Articles Budget - Tax Proposals Fri, 16 Mar 2012 14:34:06 +0530 https://www.taxtmi.com/article/detailed?id=1630