The corporate tax incidence will fall by a bit in the Budget, MAT companies will pay a little more but developers of and units in Special Economic Zones will have to pay tax too.
The Budget 2011-12 has made the NPS more attractive, by removing employer’s contribution from the Rs 1-lakh exemption limit and by allowing it as a business expense.
The railway budget does more of the same thing, keeping fares unchanged, promising an increase in investment, more trains, more rolling stock and then failing to keep last year’s promises.
