https://www.taxtmi.com/article/detailed?id=1662 The 2012 Budget alters individual taxation by adjusting tax slabs to provide relief in lower and middle brackets while keeping the top marginal rate, preserves higher basic exemption for senior citizens, reintroduces saving bank interest exemption for small taxpayers, treats preventive health check-ups as part of existing medical insurance deduction, proposes a partially deductible equity investment with a three-year lock-in, and removes prior tax incentives for infrastructure bonds, with broader service tax expansion increasing consumer service costs. en-us Tue, 20 Mar 2012 10:51:11 +0530 Tue, 20 Mar 2012 10:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1662 The 2012 Budget alters individual taxation by adjusting tax slabs to provide relief in lower and middle brackets while keeping the top marginal rate, preserves higher basic exemption for senior citizens, reintroduces saving bank interest exemption for small taxpayers, treats preventive health check-ups as part of existing medical insurance deduction, proposes a partially deductible equity investment with a three-year lock-in, and removes prior tax incentives for infrastructure bonds, with broader service tax expansion increasing consumer service costs. Articles Income Tax Tue, 20 Mar 2012 10:51:11 +0530 https://www.taxtmi.com/article/detailed?id=1662