The union budget for 201516 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. F inance minister arun jaitley today 28th february 2015 presented the union budget for the year 201516 aimed at high growth, saying the. Objectives of tax policy objective of stable taxation policy and a nonadvers arial tax administration. Gross domestic product gdp growth of india for 201516 projected between. Rate of corporate tax to be reduced to 25% over next four years. Here are the highlights of union budget 2017 youtube. Download union budget 201516 highlights file in pdf format. This was the first full year budget of the nda government and the second budget of. Smoking, eating out, air travel to be costlier manufacturing sector neglected. Union minister for finance shri arun jaitley on 28th february presented in parliament the union budget 201516, with a focus on. Income tax rate cut to 5 pc for individuals having. Here are the key highlights of finance minister arun jaitleys union budget 201617 speech. Following are the highlights of the union budget 201516 presented by finance minister arun jaitley in parliament today. How to file income tax return of a deceased assessee.
This was the first full year budget of the nda government and the second budget of arun. Union budget 201516 india, indian union budget 201516. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. The budget, or officially, the union budget, is the prime written representation attributing the financial planning and strategy of the government of india for the next financial year. Finance minister arun jaitley presented the first fullyear budget of prime minister narendra modis government on saturday. Finance minister arun jaitley presented the union budget 2017, his fourth annual budget. Finance minister arun jaitley, who is presenting the union budget for fiscal 201516 in the parliament, on saturday said, with the fiscal space reduced, the government has decided to continue supporting important national priorities. Budget 201516 major highlights in industry wise by subair na taxation.
Tax benefit on hiring on employees base also widened. Union budget of india 201819 highlights and economic survey 2018 highlights pdf quick facts about union budget. To counter declining exports, the government took various measures to boost exports in the union budget 201516 by announcing a new foreign trade policy ftp for the period 201520, aiming to increase indias. Ambiguity as to whether subscription charges paid for download of econtent, access to online. Gross domestic product gdp growth of india for 201516 projected between 8.
The highlights of the union budget are as following. Union budget of india is referred to as the annual financial statement in the article 112 of the constitution of india. Expectation from budget was very high, but budget seems to be highly disappointing. Gross domestic product gdp growth of india for 201516 projected between 88. Additional 2% surcharge for the superrich with income of over rs. Get latest updates on budget highlights, railway budget, expert views and opinion. Budget at a glance 3 direct tax proposals personal taxation 5 charitable trusts 7. We are bringing you the highlights and key announcements of budget 201516. The beginning of the budget printing began on 19 february 2015 with the traditional halwa ceremony. Finance minister arun jaitley presented the union budget 201516. Here are the highlights of the budget presented by finance minister arun jaitley. The broad highlights of the union budget 201516 are as under. Highlights of budget 201516 the hindu businessline. Paramparagat krishi vikas yojana to be fully supported.
Finance minsiter arun jaitley introduced union budget 201516. The 201516 union budget of india was tabled in the lok sabha lower house of the parliament by arun jaitley, the union minister of finance, on 28 february. Medium term fiscal policy cum fiscal policy strategy statement. Telangana finance minister etela rajendar has presented a 1,15,689 crore rupees budget on march 11, 2015 for the fiscal year 201516. Union budget 20152016 english hindi urdu pdf download see union budget 20152016 english hindi urdu pdf download union finance minister arun jaitley has introduced union budget 2015 today at lok sabha. The following are the sector wise highlights of union budget 201516 presented by arun jaitley in parliament today. Highlights of union budget 201516 current affairs today gktoday. We are a comprehensive and userfriendly open data portal facilitating free, easy and timely access to relevant data on government budgets in india. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 201516, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime and announcing some relief to common man.
Tarun jamnadas ghia, chairman, direct taxes committee dtc, ca. It is the exclusive and best telugu education portal established by sakshi media group. The analysis which has been done by our team looks at both the macro implications of the proposals as well as the impact on various sectors. Find union budgets, state budgets, rbi data and municipal budgets across years. Making indias budgets open, usable and easy to comprehend. Highlights direct tax proposals of union budget 201516. Budget highlights making indias budgets open, usable and easy to comprehend. The union budget of 201516 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform.
Budget pragmatic, will reignite growth, says modi union budget 201516. This is the first full budget for nda government after coming into power. Arun jaitley by nda governed government and here we are sharing main highlight of the union budget 201516 with our readers. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Union budget 201516 is special as this is the first budget after the creation of national institution of transforming india niti and acceptance of 14th finance commissions ffc recommendation of substantially higher devolution of union taxes to states. The top key highlights of jaitleys budget for the fiscal year that begins on april 1,2015. Union budget 201516 is being presented by finance minister mr. Union budget niti aayog and finance commission recommendations. Budget 2015 live india budget news, union budget 201516. Shyam lal agarwal, vicechairman, indirect taxes committee idtc, ca. At the same time, while optimism is ruling all around, there. From 20 february until the presentation of budget about 100 government employees remained locked up in the north block of the secretariat building, new delhi, which houses the budget printing press, to maintain secrecy. Download highlights of tax proposals in budget 201516.
It was a budget for corporates as corporate tax reduced from 30% to 25%. Union budget of india 201516 highlights and analysis. Till 2016, it was presented on the last working day of february. Short term capital gain under section 111a detailed discussion. This effort of care has been part of our tradition to provide this analysis as soon as possible after. Highlights of telangana budget 201516 education today news. Finance minister mr arun jaitley in the budget 201415 salaried class tax breaks and increased the range of savings. Home current affairs today gk questions current affairs questions. Income tax rate cut to 5 pc for individuals having income between rs 2. It was the first full year budget of the nda government under leadership of prime minister of narendra modi and the second budget of arun jaitley as finance minister.
Highlight of union budget for fy 201516 download pdf of. The budget has a revenue surplus of 531 crore rupees and a fiscal deficit of 16,969 crore rupees 3. Union budget 201516 summary download pdf bankexamstoday. How to download form 16 part a from tds cpc website. The union budget is presented to the parliament in two parts. Member strength 30,90,306 and growing get latest updates. The union budget of india, also referred to as the annual financial statement in the article 112 of the constitution of india, is the annual budget of the republic of india. The following are the major tax related changes introduced in union budget for 201516 presented by arun jaitley in parliament today. Lets look at key highlights of union budget 201516. Business standard offers exclusive live coverage on budget 2016 presented by finance minister arun jaitley.
Union budget 201516 india, indian union budget 201516, pdf. Union budget 2015 live update and budget highlights. Fight against the scourge of black money to be taken forward. Union budget 201516 summary download pdf published on sunday, march 01, 2015. Budget 201516 major highlights in industry wise by subair na 2. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. Stay on the times of india to know the live update, latest news and headlines about indias union budget 2015 16.
The union budget for 201617 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 29, 2016. The government presents it on the first day of february so that it could be materialised before the beginning of new financial year in april. Agriculture major steps take to address the two major factors critical to agricultural production, that of soil and water. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the easeofdoing business while keeping its focus on infrastructure development. Budget 2015 live budget coverage online, union budget 201516, key points and highlights of india budget 2015, income tax slab, fdi by finance minister arun jaitely. Union finance minister arun jaitley presented union budget 201516 in the parliament. Finance minister arun jaitley, who is presenting the union budget for fiscal 201516 in the lok sabha, said the government is establishing a mechanism self employment to support all aspects of start up business. Finance minister arun jaitley presented the union budget 2017, his fourth annual budget, today. Some of the challenges mentioned by the finance minister arun jaitley are. Special focus on women and childrens facilities, the construction of worldclass cities, and welfare of senior citizens. Download gktoday academy app for easy to read mobile ebooks. Union budget highlights 201516 states to be equal partners in economic growth. Union budget 201516 is announced by finance minister arun jaitley today. Key features of budget 20152016 274 kb pdf file that opens in a new window.
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