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Personal income tax exemption limit to be enhanced by Rs 15,000 and Rs 10,000 for senior citizens and other individuals, respectively. Surcharge to be removed for all non-corporate assesses.
Overall the impact of Union Budget 2009-10 on pharmaceutical industry is neutral.
It’s a pep pill for the pharma industry , with the budget retaining excise duty at 4% and reducing customs duty on certain life-saving drugs and heart devices.
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