Thursday, 3 March 2011.

Income Tax slab rates while presenting the union budget 2013-14 in Lok Shabha. As part of his tax proposals, he gave a benefit or Rs 2000 to individual tax payers with taxable income of up to Rs 5 lakh. But in bad news for consumers, the Finance Minster made mobile phones, cigarettes and luxury vehicles costlier by hiking duties on these products.

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