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India¶s Union Budget for F.Y. 2011-12 was presented on 28 February 2011 by the country's
Finance Minister. Following are the budget proposals, which will be helpful to India
Associates:

 
  

OÊ Vax Rates: No change


OÊ 0hanges in Income Vax Slabs

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Deduction in respect of Investment in notified long term infrastrure bonds upto Rs 20,000 is
presently allowed for the F.Y 2010-11in addition to investment of Rs. 1,00,000 made under
section 800. It is proposed to extend the deduction for the F.Y. 2011-12 also.