The central Government has recently launched the much anticipated and needed initiative called as ‘Start-up India’. The government has issued an action plan to help startup companies and encourage entrepreneurship in India. We all know that how difficult and challenging it is to establish a Start up company in India. A start up company may […]
Business & Politics
Budget 2015 – 2016 : Key points / Highlights
Union Budget 2015 / 2016 has been tabled by the Finance Minister (Arun Jaitley) on 28th Feb, 2015. Below are the key points and highlights of Budget 2015. Budget 2015 & Personal Finance – Key points Provident Fund Employees will have the option to choose between EPF (Employee Provident Fund) and the New Pension Scheme. […]
Income Tax Rates for FY 2015-16 (AY 2016-17)
Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2015-16 in Parliament. The Finance Minister has kept the Personal Income Tax rates unchanged. Below are the Income Tax Slabs & Rates for FY 2015-16 or AY 2016 -17. (FY is Financial Year. AY is Assessment Year) Latest Income tax Rates for […]
Railway Budget 2015 – Highlights / Key points
Indian Railways Minister, Suresh Prabhu has presented Railway Budget 2015 today ( 26-Feb-2015). He outlined four main goals for Railways : 1) to deliver a sustained improvement in customer experience; 2) make railways a safer means of travel; 3) modernize infrastructure of railways and 4) expand capacity and finally make railways financially self-sustainable. He opined […]
Budget 2014 – New Tax slabs & Deductions – Impact on your Savings
New Tax slabs and deductions were announced in Budget 2014. In this post, let us understand the impact of these changes on the savings. The main changes are; The basic exemption limit has been increased from Rs 2 Lakh to Rs 2.5 Lakh and for Senior citizen it is upto Rs 3 Lakh The maximum […]
Budget 2014 – Key points
Budget 2014 : Key points with respect to Personal Finances: To review Direct Tax Code Tax exemption for interest paid on a home loan for a self-occupied property has been raised to Rs 2 Lakhs (Section – 24b) The income earned by Senior Citizens (above 60 years) is tax free up to the Rs 3 […]