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Budget 2015: Super rich senior citizens to take biggest hit

Mar 01, 2015

Budget 2015: Super rich senior citizens to take biggest hit

A fresh deduction of Rs 30,000 has been provided for the amount paid on account of medical expenditure incurred on health of a very senior citizen where no amount is paid towards mediclaim premium. #Economy #Arun Jaitley #Health insurance #Mediclaim #National Pension Scheme #Budget2015 #Personal Finance Budget 2015 #Transport allowance
More deductions but no changes in tax slabs: What Union Budget 2015 offers middle class

Mar 01, 2015

More deductions but no changes in tax slabs: What Union Budget 2015 offers middle class

Finance Minister Arun Jaitley did not really bring in acche din for the salaried class as the income tax slabs remain unchanged but it did offer some respite by doubling monthly transport allowance ( which is tax free) to Rs 1600 as well as offering deductions under section 80 (D) #salaried class #budget 2015 #Union Budget 2015 #Budget2015 #Common Man Budget 2015 #Personal Finance Budget 2015 #Income Tax Exemption
Budget 2015: Why cut corporate tax but not personal tax, Mr Jaitley?

Mar 01, 2015

Budget 2015: Why cut corporate tax but not personal tax, Mr Jaitley?

Around 3% of Indians pay income tax. If more corporates are likely to pay more tax at lower rates, can't the same assumption be made for individual tax payers as well? Further, like the corporates income tax laws, can't the personal income tax laws simplified as well? #Arun Jaitley #Income tax #Budget #personal taxes #Union Budget 2015 #Budget2015 #Common Man Budget 2015 #Personal Finance Budget 2015 #Arun Jaitley Speech
Budget 2015: Jaitley incentivises middle class tax payers

Feb 28, 2015

Budget 2015: Jaitley incentivises middle class tax payers

The finance minister wants you to save more for your twilight years; pension funds and health insurance firms are the biggest beneficiaries. #Economy #Arun Jaitley #New Pension Scheme #Income tax #salaried class #Budget2015 #Common Man Budget 2015 #Personal Finance Budget 2015 #Section 80DD #Sukanya Samriddhi Scheme
Budget 2015: Wealth tax out, super rich will shell out 12% surcharge

Feb 28, 2015

Budget 2015: Wealth tax out, super rich will shell out 12% surcharge

The surcharge would now be 12 percent for individuals earning Rs 1 crore and above and companies with income of Rs 10 crore and above. "The rich and wealthy must pay higher taxes," Jaitley said. #Arun Jaitley #Wealth tax #Super rich #budget 2015 #Personal Finance Budget 2015 #Finance Budget 2015
Budget 2015 takeways: Eating out gets costlier as FM raises service tax to 14%

Feb 28, 2015

Budget 2015 takeways: Eating out gets costlier as FM raises service tax to 14%

Finance Minister Arun Jaitley today presented the Union budget for FY16 in the backdrop of easing inflation and interest rates but continued growth challenges which the government needs to address. Jaitley is under pressure to unveil reforms that will put the countrys economy on a path of 7-8 percent growth over the next two years. #Arun Jaitley #Finance Minister Arun Jaitley #Union Budget 2015 #Budget2015 #Common Man Budget 2015 #Personal Finance Budget 2015