UNION BUDGET 2015-16

Budget Speech
Finance Bill 2015-16
Highlights of Budget 2015-16
Service tax notification


Key features of Budget 2015-16

• Exemptions For Individual Tax Payers To Continue.
• To create senior citizens welfare fund via unclaimed PPFs
• Atal Pension plan launched; aimed at Indians above 60
• Mediclaim 80 D upto 25000/-.
• Pension U/s 80CCC Rs.50000/-.
• Transport Allowance increased to 1600 pm
• #Total deduction :-

         80C 150000.
         80CCD 50000 NEW.
         HSG INT 200000(up)
         80D 25000.
         TRANSPORT ALLO 19200
         TOTAL 444200

• Abolition of wealth tax. Instead increment in 2% additional surcharge on super rich people
• Yoga to be included as Charitable Purpose
• Tax free infrastructure bonds for projects in Railways and roads
• Concealment of income will attract 10 yrs of rigorous imprisonment
• Stringent penalties and jail for Black Money holders and evaders
• Benami property transaction bill to tackle black money transaction in real estate soon
• To Have Benami Transaction Prohibition Bill For Domestic Black Money