ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Cement Industry- Change of Tune

 create an environment of growth, productivity and savings. The fiscal strategy outlined in the budget has further strengthened the market's firm belief in the dawn of a new era for the private sector to display its initiative and enterprise to make its full contribution to the national endeavour. With a view to making the tax structure simple and reasonable, the rates of personal income-tax have been recast and rationalised. Concessions in the field of personal taxation, aimed at encouraging saving and investment, include hike in the exemption limit and reduction in tax rates all along the line with the maximum rate brought down to 50 per cent, abolition of surcharge on income-tax, CDS and estate duty and substantial relief in the incidence of wealth tax.

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