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 […]
Business & Politics
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 […]
