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Budget Highlights 2010
# Air conditioners to be costlier
# Oppostion walkout in Lok Sabha
# Uproar in Parliament over hike in fuel prices
# Excise on all non smoking tobacco raised
# 7.5% duty on petrol and diesel restored
# 5% duty on crude petroleum restored
# Fuel prices likely to go up
# Excise duty on petrol and diesel raised to Rs 1/litre
# Cigarettes to be costlier
# Excise on large cars,SUVs, MUV raised to 22%
# Partial rollback in Excise Duty from 10% to 8%
# Excise on large cars,SUVs, MUV raised to 22%
# Presumptive tax limit raised to Rs 60 lacs
# Investment linked deduction benefit for 2 Star hotels
# Deduction of Rs 20000 on investment in infra bonds
# Weighted deduction on R&D raised to 200% from 150%
# No tax on Income up to Rs 1.6 lacs
# Current surcharge on companies reduced to 7.5%
# Minimum Alternate tax hiked to 18%
# 30% tax on income above Rs 8 lacs
# 20% tax on income between Rs 5 lacs to 8 lacs
# 10% tax on income between Rs 1.6 lacs to 5 lacs
# IT tax slabs broadened
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