Budget and your finances

Updated : Aug 8, 2014

Retirement funds now given same tax benefits pension funds

On SEBI's recommendation for the pension market, retirement funds floated by fund houses will now be given the same tax benefits as other pension funds with the new budget.

Updated : Aug 7, 2014

How debt funds have been hit hard by new tax proposals

The Budget proposes to increase the tax on long-term gains from non-equity mutual funds from 10% to 20% after indexation.

Updated : Aug 7, 2014

Investing simplified with universal KYC, single operating demat account

Buying insurance can be a daunting task due to the sheer volume of information that you have to provide in the proposal form.

Updated : Jul 12, 2014

A Budget with a mandate 'Sab ka Saath, Sab ka Vikas'?

Being the maiden budget of this Government, drafted within a few weeks, this budget is a mode to give direction stressing on the 5 Ts - Talent, Tradition, Tourism, Trade and Technology - a term coined by the PM to build Brand India.

Updated : Jul 12, 2014

Indirect tax proposals FM made to revive the economy

The Union Budget has several indirect tax proposals that would impact consumers. We give you a snapshot of the proposals and what they mean for the consumers.

Updated : Jul 12, 2014

How the Budget proposals benefit the salaried class

How the budget proposals benefit the salaried class

Updated : Jul 11, 2014

Rise in long-term capital gains tax is a big blow for non-equity mutual funds

In a big blow to the mutual fund industry, which was already facing the problem of massive slowdown in inflows into equity funds, the finance minister announced an increase in long-term capital gains tax on non-equity mutual funds from 10% to 20%.

Updated : Jul 10, 2014

Small savings get a big push in Budget 2014

A lot of Section 80C instruments such as PPF, NSC, 5-year term deposits and Senior Citizen Savings Scheme fall under the category of small savings schemes.

Updated : Jul 10, 2014

Union Budget 2014-15: Tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh

The tax exemption limit for individuals below 60 years stands revised to Rs.250,000, subject to parliament's approval, while for senior citizens it is proposed at Rs.300,000.

Updated : Jul 10, 2014

Union Budget 2014-15: Housing loan interest deduction raised by Rs 50,000

The government will raise the housing loan interest deduction limit from Rs.150,000 to Rs.200,000 to revive the housing sector, Finance Minister Arun Jaitley said while presenting the national budget.

Updated : Jul 10, 2014

Union Budget: Realtors get REIT support, tax sops to increase sales

Pass-through status to REITs: This is a big positive for this cash-starved sector, which was eagerly awaiting clarity on taxation of Real Estate Investments Trusts or REITs. REITS are special investment vehicles which function like mutual funds. They invest in real estate properties which generate income.

Budget 2014: Now, pay 2% TDS on life insurance policies

Updated : Jul 10, 2014

Union Budget 2014-15: Now, pay 2% TDS on life insurance policies

From 1st October 2014, your insurer will deduct tax at source of 2 per cent from maturity proceeds of a life insurance policy if the premium paid is more than 10 per cent of the sum assured.