Significant Budget Highlights 2016‐17‐ International Taxation

Significant Budget Highlights 2016-17 – International Taxation 1. Increase in Surcharge Surcharge is increased from 12% to 15% in case of non‐resident individuals 2. Exemption in respect of certain activity related to diamond trading in “Special Notified Zone”. ‐Exemption u/s 9(1)(i) to

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Significant Budget Highlights – 2016-17 Indirect Tax

EXCISE Amendments made effective immediately The Clean Energy cess is to be renamed as Clean Environment cess. The effective rate of Clean Energy cess proposed to be increased from Rs.200 per tonne to Rs.400 per tonne. Infrastructure cess is to be levied

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Significant Budget Highlights 2016-17- Direct Taxes

Significant Budget Highlights 2016-17- Direct Taxes 1. Relief to small tax payers (a) Rebate under Sec 87A: With the objective of providing relief to resident individuals in the lower income slab i.e. total income not exceeding Rs. 5,00,000, section 87A is proposed

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Income Tax Slab / Rates for FY 2016-17 AY 2017-18

The Union Finance Minister Shri Arun Jaitley in his Budget Speech ON 29/02/2016 in Lok Sabha proposed no change in the rate of personal Income-tax. He announced the tax proposals with no change in the rate of tax for companies in respect of

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Budget 2016 – Major Highlights

Union Budget 2016 Highlights.  1. Rs. 35984 crores allotted for agriculture sector.  2. Rs. 17000 crores for irrigation projects.  3. Two new Organic farming scheme for 5 lakh acres.  4. Rs. 19000 crores for Gram Sadak Yojana  5. Rs. 9 Lakh Crores

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Free E-Book on Budget 2015 by Taxmann

Tax Rates  1.    No change in the basic exemption limit and the tax rates of individuals  2.  Corporate tax rates proposed to be reduced from 30% to 25% over the next four years, starting from next financial year.  3.  The existing rate of

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Income Tax Expectations: Here’s What India Wants

A survey carried out by industry body Assocham has found that a majority of salaried employees want Finance Minister Arun Jaitley to increase the income tax exemption in the forthcoming Budget. A hike in income tax exemption from Rs. 2.5 lakh to

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