| Friends, Union Budget 2011-12 will be declared on 28.02.11 at 11.00 a.m. by the Finance Minister Sh. Pranab Mukherjee in the Lok Sabha. It is assumed that the basic exemption limit for all persons will be increased up to 1,80,000/- in place of Rs. 1,60,000/- for man. Finance Minister Sh. Pranab Mukherjee has already committed to increase basic limit up to 2.00 Lakh in Direct Tax Code (DTC) which will be implemented w.e.f. 01.04.2012. |