Union Budget 2016 at a glance
Here are the highlights of the Union Budget for 2016-17 (Apr-Mar), presented by Finance Minister Arun Jaitley in the Lok Sabha.
Feb 29, 2016, 16:59 PM IST
DDT exemption will pave way for REITs launch: Experts
Finance Minister Arun Jaitley's proposed removal of dividend distribution tax has received a thumbs-up from the real estate sector which has been looking for a clarity to launch Real Estate Investment Trusts (REITs) for raising funds.
Feb 29, 2016, 16:31 PM IST
First home buyers get Rs 50,000 more deduction on interest
Aiming to boost demand in realty sector, the government on Monday proposed an additional Rs 50,000 deduction on interest on loans for first home buyers and tax incentives on development of affordable housing, besides exempting REITs from dividend distribution tax.
Feb 29, 2016, 16:28 PM IST
No capital gains tax on redemption of gold bonds
In a bid to popularise the ambitious Sovereign Gold Bond scheme, Finance Minister Arun Jaitley on Monday proposed exempting such bonds from capital gains tax on redemption.
Feb 29, 2016, 16:24 PM IST
Centre to provide Rs 1 lakh per family health cover
The Centre will launch a new health protection scheme under which a cover up to Rs one lakh per family will be provided bedsides opening around 3,000 medical stores across the country to provide quality medicines at affordable prices.
Feb 29, 2016, 16:21 PM IST
Govt to hike FDI limit in stock exchanges to 15%
The government on Monday said foreign entities would be allowed to own up to 15 percent stake in domestic stock exchanges, a move that would help boost their global competitiveness.
Feb 29, 2016, 16:17 PM IST
Budget disappoints on fiscal side, rules out rating revision: S&P
Rating agency Standard & Poor's while welcoming the Budget in general has said the proposals on the fiscal side shows only limited progress and has ruled out any changes in its rating outlook on the country in next 2 years.
Feb 29, 2016, 16:01 PM IST
Budget will accomplish dream of housing for all: PM Modi
Prime Minister Narendra Modi on Monday hailed his Finance Minister Arun Jaitley for the poor-friendly general budget that will also fulfil their dream of owning a house.
Feb 29, 2016, 15:57 PM IST
Budget is pro-village, pro-poor, pro-farmers: Modi
Prime Minister Narendra Modi on Monday said the Budget is pro-village, poor and farmers with focus on bringing about qualitative change in the country and alleviate poverty through a slew of time-bound programmes.
Feb 29, 2016, 15:45 PM IST
Budget at a glance: Snapshot of key figures
Here's a quick snapshot of key figures that the FM has announced in his Budget.
Feb 29, 2016, 14:42 PM IST
Budget 2016: 10 key things you should know
Here are important announcements made by Union Finance Minister Arun Jaitley in his Budget speech 2016-17
Feb 29, 2016, 13:57 PM IST
Calculate your tax liability with tax calculator
Go through our tax calculator tool and find out your exact tax liability.
Feb 29, 2016, 13:46 PM IST
Union Budget 2016 Black Money proposal: Undisclosed income declaration allowed by paying 45% tax
While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Arun Jaitley proposed a Scheme to declare undisclosed income by paying 45% tax in a given compliance window.
Feb 29, 2016, 13:27 PM IST
FM says inflation contained; corpus of Rs 900 crores for Price Stabilisation Fund
The Price Stabilisation Fund has been provided with a corpus of Rs.900 crore to support market interventions.
Feb 29, 2016, 13:21 PM IST
Arun Jaitley flaunts suave fashion sense at Budget 2016-17
Finance Minister Arun Jaitley, who presented India`s national budget for the next fiscal in the Lok Sabha on Monday, gave every bit of a competition to the fashion savvy Prime Minister Narendra Modi in a suave light blue Nehru jacket.
Feb 29, 2016, 13:11 PM IST
India pledges billions for farmers in `make-or-break` Budget
India pledged to spend $5.2 billion dollars to double the income of struggling farmers and also boost a rural employment scheme as it unveiled its annual budget on Monday under pressure to balance much-needed spending with fiscal prudence.
Feb 29, 2016, 13:07 PM IST
Union Budget 2016-17 Live Updates: No change in Income Tax slabs, rent relief increased to Rs 60,000
Jaitley also proposed to increase the limit of deduction of rent paid from Rs 24,000 per annum to Rs 60,000 spelling respite to those who don’t own any house and live in rented accommodation.
Feb 29, 2016, 13:05 PM IST
