Effect on pocket

Updated : Mar 2, 2016

Budget 2016: FM Arun Jaitley focuses on small tax payers, rural economy

Finance Minister Arun Jaitley gave relief to small tax payers, nudged the affluent to shell out more while focusing on the rural economy with much higher fiscal outlays.

Updated : Mar 2, 2016

Union Budget 2016: Income tax slabs to remain unchanged

Meanwhile, ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income is proposed to be raised to Rs 5,000 from Rs 2,000 currently. This relief will Rs 3,000 per annum which will benefit 1 crore tax payers.

Updated : Mar 2, 2016

HRA deduction limit raised to Rs 60,000

The government on Monday proposed to  raise the HRA deduction under section 80 GG to Rs 60,000 from the current Rs 24,000 per month.

Government proposed Krishi Kalyan Cess and Infrastructure Cess while deciding to do away with as many as 13 cesses which do not yield more than Rs 50 crore in a year. (Photo: Reuters)

Updated : Mar 2, 2016

Budget brings 2 new cesses, hikes environment levy

Government proposed Krishi Kalyan Cess and Infrastructure Cess while deciding to do away with as many as 13 cesses which do not yield more than Rs 50 crore in a year.

Updated : Mar 2, 2016

Union Budget 2016: New amnesty scheme for black money holders to come clean

The Union Finance Minister Arun Jaitley on Monday announced a new amnesty scheme for those having unaccounted money to come clean by paying 45 percent of their undisclosed asset.

Updated : Mar 2, 2016

Cars, air travel, movies and eating out to be costlier

As a result of a new levy, Krishi Kalyan cess, on all services, activities including eating out, watching movies in theaters and payment of bills, will also become more expensive.

Effect on pocket

Budget 2016: FM Arun Jaitley focuses on small tax payers, rural economy

Union Budget 2016: Income tax slabs to remain unchanged

HRA deduction limit raised to Rs 60,000

Budget brings 2 new cesses, hikes environment levy

Union Budget 2016: New amnesty scheme for black money holders to come clean

Cars, air travel, movies and eating out to be costlier

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