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union budget 2015-16

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This will enable India to become a pensioned society instead of a pensionless society," the finance minister said in his Budget speech.

Updated : Mar 3, 2015

Union Budget 2015-16: Additional Rs 50,000 deduction for NPS investments

"To provide social safety net and the facility of pension to individuals, an additional deduction of Rs 50,000 is proposed to be provided for contribution to the New Pension Scheme under Section 80CCD.

Finance Minister Arun Jaitley has announced that government will launch a Gold Monetisation Scheme (Photo: Associated Press)

Updated : Mar 2, 2015

Budget 2015 impact: It's time to monetise your gold holdings

Gnanasekar Thiagarajan, director, Commtrendz Research, said: "The scheme will bring out idle gold with the common man into the system. The scheme will benefit the common man."

Pradhan Mantri Jeevan Jyoti Bima Yojana will cover natural and accidental death risk of Rs 2 lakh. (Photo: Reuters)

Updated : Mar 2, 2015

Arun Jaitley makes big push towards social security reforms in Budget 2015

Finance Minister Arun Jaitley has announced a three-tier Social Security Scheme apart from other social security measures for the masses.

(Photo: Reuters)

Updated : Mar 2, 2015

Analysing tax announcements by FM Arun Jaitley in Budget 2015

Deduction in corporate tax rate and phasing out of the exemption in a planned manner clearly shows a move towards a more stable and matured tax regime.

Individuals with a taxable income of more than Rs 1 crore would now attract a levy of 12% surcharge as against 10% earlier. (Photo for representation purposes only. Source: Reuters)

Updated : Mar 2, 2015

How FM Arun Jaitley's Budget impacts individual taxpayers

It's time now to do a deep dive and see how well the FM has managed to match the nation's expectations and where the individual tax payer stands.

The total wealth tax collection in 2013-14 was Rs 1,008 crore. (Photo: Reuters)

Updated : Mar 2, 2015

Budget 2015: Now, super-rich will have to pay more

Budget 2015 has come-up with few amendments for individual taxpayers but the 'super-rich' have been saddled with additional tax liability.

(Photo: Associated Press)

Updated : Feb 28, 2015

Union Budget 2015: Impact of indirect tax changes on individual consumers

Finance Minister Arun Jaitley presented the Union Budget for 2015-16 on Saturday. Here's the impact of indirect tax changes on individual consumers -

FM Arun Jaitley

Updated : Feb 28, 2015

Union Budget 2015-16: More incentives for buying health cover

The Union Budget also raised the deduction limit for health insurance policy to Rs 30,000 from Rs 20,000 for senior citizens.

Finance Minister Arun Jaitley

Updated : Feb 28, 2015

Union Budget 2015-16: No change in income tax rates

The minister, however announced that, additional 2 per cent surcharge will be implemented on people earning over Rs 1 crore.