Individuals with gross income up to ₹6.5 lakh will not need to pay any tax if they make investments in provident funds and prescribed equitiesNo tax for those whose taxable income is less than ₹5 lakh
1 min read29 Jun 2019Interim FM Piyush Goyal has rejected opposition claim that he has presented a full budget instead of an interim oneCongress MP Shashi Tharoor had alleged that the government has presented a budget with retrospective effect
2 min read12 Feb 2019'I have heard that the US does deficit financing only by printing currency,' Goyal saidThe fiscal deficit estimate for the current year has been revised upwards to 3.4% of the GDP
1 min read10 Feb 2019Remember that your entire income doesn’t get taxed at one rateBesides your tax slab, you also have to pay cess on your total tax outgo
1 min read10 Feb 2019Not everyone will benefit from tax rebate on up to ₹5 lakh unlike in the case of tax exemption on income slabAre you wondering whether you will get the benefit or not? Here is the math
2 min read9 Feb 2019While those with taxable incomes up to ₹5 lakh will go away the happiest from the interim budget, there is a little bit of good news for everyoneThe increase in standard deduction to ₹50,000 for the salaried class will help individuals save more tax
5 min read4 Feb 2019This election focused budget focuses on three important 'constituencies', the middle class, the land owning farmer and the rural power
3 min read2 Feb 2019This budget has a unique retrospective component for many policy announcements
3 min read2 Feb 2019Disinvestment targets ambitious, assumption of tax buoyancy unreasonable, say analystsGovt has set a disinvestment target of Rs. 90,000 crore in FY20, despite having realized only Rs. 35,533 crore so far
3 min read2 Feb 2019A Rs. 75,000 crore substantial income support scheme for farmers one of the several key highlights of the budget
4 min read2 Feb 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared