Personal Finance Budget 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.

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: 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: 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: Not only numbers, Firspost live chat even draws in Anna's protest

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

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

Budget 2015: Tax regime will become simple and predictable, says Sinha

Ahead of Budget, the Finance Ministry today assured the global investor community of a simple and predictable tax regime.

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

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