https://www.taxtmi.com/article/detailed?id=1633 Personal income tax reliefs raise the basic exemption and adjust marginal bands while introducing exemptions for savings interest and preventive health checks; corporate tax rates are unchanged but withholding on certain overseas borrowings and securities transaction levies are reduced; service tax is expanded to a broad base with numerous specified exemptions and an increased rate; excise and customs duties are recalibrated with targeted concessions, exemptions and rate changes across inputs, capital goods and consumer items, accompanied by measures to simplify refunds and study tax code harmonisation. en-us Fri, 16 Mar 2012 17:59:34 +0530 Fri, 16 Mar 2012 17:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1633 Personal income tax reliefs raise the basic exemption and adjust marginal bands while introducing exemptions for savings interest and preventive health checks; corporate tax rates are unchanged but withholding on certain overseas borrowings and securities transaction levies are reduced; service tax is expanded to a broad base with numerous specified exemptions and an increased rate; excise and customs duties are recalibrated with targeted concessions, exemptions and rate changes across inputs, capital goods and consumer items, accompanied by measures to simplify refunds and study tax code harmonisation. Articles Income Tax Fri, 16 Mar 2012 17:59:34 +0530 https://www.taxtmi.com/article/detailed?id=1633