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707 ArticlesEconomy

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Budget 2016: Small Savings Schemes: Interest Rates Slashed!

In February this year, not even 3 weeks ago, the Finance Ministry announced some radical measures around the rates that various Small Savings Schemes currently ...

Budget 2016: Meets Deficit Targets Through Higher Taxes and Lower Expense Growth

Budget 2015-16 was the first real budget by the government. Which missed many estimates and added many more things. But here are the elements to note in the ...
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Update from Finmin: PPF Is Not Taxable, But EPF Corpus is Taxable at Exit And More

This is an update to our (very popular) post on Clearing the Confusion on how EPF is Taxed in Budget 2016. The Finance Ministry has released a note confirming ...

Budget 2016: Black Money Amnesty 2.0: Will they, Won't they?

The Budget 2016 continues its stance against Black Money, and is replete with new schemes, or updated older schemes to bring into the system, funds that have ...

Clearing the Confusion on How EPF is Taxed at Exit in Budget2016

There’s a lot of confusion about the whole EPF taxation thing. Let us explain. Employees put money every month into their EPF (12% of salary) and the ...
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Budget 2016: For you and me – some taxes, some more taxes, and even more taxes!

The budget wasn’t as big a deal as we might have expected but there are a few things we have to note: You have a lot more taxes. Nothing happened to tax ...

Budget 2016: More Incentives for losing money in Real Estates

The existing provisions of section 80EE provide a deduction of up to 1 lakh rupees in respect of interest paid on loan by an individual for acquisition of a ...

Budget 2016: Pay Pollution Cess on Cars and even more on SUVs

Looking for new sources of Income, Mr. Arun Jaitley introduced the Infrastructure Cess on Motor Vehicles. If you read between the lines, you will notice that ...

Budget 2016: The Service Tax Increases to 15%; Ambit gets Revamped

As the Budget day 2016 dawned upon us, expectations were lofty; would the government ease taxation? What about small savings schemes? Oh, the subsidies, ...
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Budget 2016: Widening of the DDT net to Individuals/ HUF/ Resident in India

Prior to today’s session of Budget 2016, dividends received from listed companies was not taxed in the hands of the shareholders (Individuals/ HUF/ Resident ...
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