Personal Finance-budget-2015

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Personal Finance-budget-2015 - Total results - 35
Budget 2015: Super rich senior citizens to take biggest hit
Economy

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.

Budget 2015 does nothing spectacular for the health of the economy
Business

Budget 2015 does nothing spectacular for the health of the economy

The attractive pre-election campaign on minimum government does not get reflected in the budget.

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

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?
Business

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
Economy

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

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.

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

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.

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

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: Change tax laws to make pensions, annuities plans attractive
Economy

Budget 2015: Change tax laws to make pensions, annuities plans attractive

The finance minister in his maiden budget speech had announced the concept of universal KYC and a single demat account across asset classes.

Budget2015: Raise medical reimbursement limit from Rs 15K, people to FM
Economy

Budget2015: Raise medical reimbursement limit from Rs 15K, people to FM

The cost of medication is not just high for serious illnesses but also for general ones.

I-T exemption limit to LTA: FM Jaitley may dole out tax sops to win over the middle class
Budget

I-T exemption limit to LTA: FM Jaitley may dole out tax sops to win over the middle class

Eager to win over the middle class after the Delhi poll debacle, Finance Minister Arun Jaitley on February 28 is expected to present an aam aadmi friendly Budget by either raising tax slabs or hiking investment limit in savings instruments.

Inheritance tax no good, instead change culture of saving too much for children, says Rajan
Business

Inheritance tax no good, instead change culture of saving too much for children, says Rajan

His views come amidst some voices seeking an inheritance tax in the forthcoming Budget

Budget 2015: Hike exemption limit in PF, PPF, says an entrepreneur
Economy

Budget 2015: Hike exemption limit in PF, PPF, says an entrepreneur

In the last Budget, the government had increased the slab by Rs 50,000 from the existing Rs 1 lakh bringing cheers to many but still it isn't sufficient.

Budget 2015: Raise tax exemption limit to Rs 3 lakh, says advertising professional
Economy

Budget 2015: Raise tax exemption limit to Rs 3 lakh, says advertising professional

For advertising professionals Srijoyee Ghosh and Sanhita Ghosh in Bengaluru routine expenses eat into much of their salaries.

Budget 2015: Give more funds to arts and humanities sector, says Suweksha Gupta
Economy

Budget 2015: Give more funds to arts and humanities sector, says Suweksha Gupta

College student Suweksha Gupta wants the next Budget to do away with this imbalance and favours adequate budgetary allocation for educational institutions dealing with arts and humanities.

Salaried class wants IT exemption limit to be Rs 3 lakh: Assocham
Economy

Salaried class wants IT exemption limit to be Rs 3 lakh: Assocham

The survey was able to target employees from 18 broad sectors, with maximum share contributed by employees from IT/ITes sector (17 percent).

Budget 2015: Govt may relax LTC norms in Budget to boost tourism
Economy

Budget 2015: Govt may relax LTC norms in Budget to boost tourism

The LTC/LTA is available to the individual and his family including spouse, two children, parents, brothers and sisters, who are wholly dependent on the assessee.

Budget 2015: Tax incentives likely for investments in Swachh Bharat, Clean Ganga
Business

Budget 2015: Tax incentives likely for investments in Swachh Bharat, Clean Ganga

Finance Minister Arun Jaitley is likely to provide tax incentives in Budget to encourage companies to participate in Swachh Bharat Abhiyan and Clean Ganga campaign as part of mandatory two per cent CSR spending.

Budget 2015: 9 things FM Jaitley should do to help the taxpayer save more
Business

Budget 2015: 9 things FM Jaitley should do to help the taxpayer save more

As this Budget will be the first full-fledged budget by the new government, the expectations all around are high