Key Features of Budget 2016-2017 : Official pdf Download Key Features of Budget 2016-2017 INTRODUCTION : Growth of Economy accelerated to 7.6% in 2015-16 CHALLENGES IN 2016-17 : Risks of further global slowdown and turbulence. ROADMAP & PRIORITIES : ‘Transform India’ to have a significant impact on economy and lives of people AGRICULTURE AND FARMERS’ … Read more
House Rent Paid : 80GG has also been raised to 60,000 from 24,000 The limit of deduction of house rent paid under section 80GG has also been raised to Rs. 60,000 from the existing Rs. 24,000 per annum to give relief to employees who live in rented houses. Certain Tax Reliefs announced for small tax … Read more
Highlights of General Budget 2016 Union Finance Minister Shri Arun Jaitley spoke on the Key Reform Measures in his Budget speech 2016-17 1. The Government is firm on its course towards fiscal consolidation without compromising on its development agenda. 3.5% fiscal deficit is targeted for FY 2017. 2. Total allocation for Agriculture, Farmers’ welfare and … Read more
Annual Budget 2016 – Will the income tax slab increase? Or, will it not? “It is important to keep in mind the expectations of Central Government employees, who accurately calculate and set aside more than their one month’s salary to pay income tax each year.” The annual budget of 2016 is being presented today. Expectations … Read more