Category Archives Budget

union_budget_2016 - Key Highlights

The Union Budget 2016 was announced on February 29, 2016. Here is a compilation of the key points which you may find useful. No change in tax slabs. The government has achieved the fiscal deficit target of 3.9% for FY 16 and has retained target of limiting fiscal deficit to 3.5% in FY 17. Allocation of Rs. 2.21 Lac Crs…

budget_2016 - Earning Individual

Indians are paying too much in tax. This is not because our tax rate is high. When compared to other countries, the tax rate in India is quite reasonable. Individual taxpayers should follow the positive attitude of Prime Minister Narendra Modi. He said, "the glass is full, being half-filled with water and the rest with oxygen”. Every year tremendous enthusiasm…

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