In the words of Finance Minister, Sh. Pranab Mukherjee, “This Budget is an attempt to lay down a path in which growth and equity will reinforce each other and build a new India.” In our issue for May 2011 we discuss the significant aspects of the budget. That is, how it effects you. We discuss tax slabs, rates, deduction and educational cess. We present a brief overview of minimum alternate tax, dividend distribution tax and other miscellaneous changes in the budget. We also have a dedicated page outlining the Government’s decisions related to service tax.

Read further in the Budget Special Newsletter for May 2011.