Category: Budget
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UAN Number
What is UAN number? UAN is Universal Account Number. The UAN is a 12-digit number allotted to employee who is contributing to EPF. Universal number is a big step towards shifting the EPF services to online platform and making it more user-friendly. Please note that The universal account number remains same through the lifetime of an […]
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Income tax calculator for Financial year 2015-2016
Income tax calculator for Financial year 2015-2016 Please feel free to use Income tax Calculator. For convenience of Tax Payers we have made this in excel. This completely downloadable and you are free to share with your friends and relatives. Download Income Tax Calculator for Year 2015-2016 : [sociallocker] Download excel based Income tax Calculator for […]
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No change in rate of Service Tax from 1 April 2015
Clarification- No change in rate of Service Tax Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective date of change in rate of Service Tax is 1st April, 2015. It is hereby clarified that the change in the […]
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New Service Tax Rate Applicability
The effective service tax rate, if and when the Swacch Bharat Cess is introduced, will not exceed 14.28%. This should be good news for those who feared that the service tax rates could go up to 16% after the cess is imposed. The cess may be imposed sometime after June, it is widely felt. Experts […]
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Budget Speech 2015 by Arun Jaitley Finance Minister
February 28, 2015 Madam Speaker, I rise to present the Budget of the Union for the year 2015-16. 2. I present this Budget in an economic environment which is far more positive than in the recent past. When other economies are facing serious challenges, India is about to take-off on a […]
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Income Tax Rates for current year 2015-2016 (Assessment year 2016-2017)
Income Tax Rates for Assessment year 2016-2017: Income Tax Rates/Slab for Assessment Year 2016-17 Rates/ %age Up to 2,50,000 Up to 2,50,000 (for women) Up to 3,00,000 (for resident individual of 60 years till 80 years) Nil 250,001 – 5,00,000Up to 500,000 (for resident individual of 80 years and above, Tax is nil) 10%Nil 5,00,001 […]
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Budget 2015 updates
India Budget updates: Jan Dhan Yojana, coal auctions and Swachch Bharat our achievements: FM Proposal to allocate Rs 34600 cr for MNRGA FM: We will finish the journey to 3% fiscal deficit in two years TO MERGE FMC & SEBI: FM Extra Rs 1000 crore to Nirbhaya Fund Visa on Arrival already issued to […]
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Rail Budget 2015 Highlights
Key highlights of Suresh Prabhu’s First Railway Budget 2015: No increase in rail fares Railways to raise reserved ticket booking window to 120 days vs 60 days now Presenting his maiden Railway Budget, Rail Minister Suresh Prabhu on Thursday announced a 24*7 helpline for Indian Railways. An all India 24*7 helpline 138 will be effective […]
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Sukanya Samriddhi Account for Minor Girl Child
In compliance of announcement by Finance Minister in his Budget Speech 2014-15 the Government of India has introduced a new scheme named “Sukanya Samridhhi Account” vide Notification No.GSR No.863(E), dated 2nd December, 2014. It has been decided to allow 9.1% rate of interest on investments in the scheme during the financial year 2014-15. This has […]
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Section 80EE Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer
In Budget 2013, New Section 80EE, has been introduced. Benefit of section 80EE is available for new home loan buyer Highlights of Section 80EE are: Additional deduction is available to only Individuals. Benefit of Section 80EE available only, if you have no existing house, in your name. You have bought a new house, and House cost of the […]