Common Man Budget 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)

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?

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.

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 country’s economy on a path of 7-8 percent growth over the next two years.

Budget 2015: Arun Jaitley explains why he didn't give you any tax breaks this time

The Finance Minister has explained why he has gone back on his promise of raising income tax exemptions for the salaried class.

Crystal ball gazing: Wear blue to avoid budget blues, Bejan Daruwalla's advice to Jaitley

The Budget will take the Modi government one step higher if not 10 steps. Thanks to PM Modi, Arun Jaitley will present a budget which will attract investors from across the globe to India. Jaitley will focus on Below the Poverty Line people, widows, orphans and those who want to grow with the funds the government will provide under various schemes.

Chart: Middle class can expect some relief as FM may raise income tax exemption to Rs 5 lakh

Budget 2015: These graphics explains what can be done on the tax front

For the finance minister to balance fiscal consolidation and boosting growth, the government will have to initiate far reaching changes on the taxation front including ensuring a non-adversarial tax regime, steps towards GST and benefits on personal tax.

Budget2015: Cut service tax, support SMEs, says entrepreneur Bhutani

The entrepreneur was also in support for making housing and education loans more customer-friendly.

Budget2015: Money should reach colony level for development, says RWA member

The retired military man expects the government to come up with smart colony concept where money should be granted to colonies to meet their demands.