Budget Cares Health care.

There is some amount of emphasis on the health care sector across the Finance Bill, 2015. The imprint for the most part is consistent across Customs, Excise and Service tax with various benefits given and concerns addressed of this sector. At the outset, early on in his speech itself the Finance Minister proposed to set … Read more

Employees Under the Employees Provident Fund (EPF) to be Provided Two options

The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS).  Secondly, for employees below a certain threshold of monthly income, contribution to EPF should be optional, without affecting … Read more

Download Budget 2015 E books

Budget Speech  In pdf Format By Finance Minister Arun Jaitely on 28.02.2015Finance Bill 2015  CorrigendaMemorandum for above Finance BillExplanatory NotesIndirect Tax Changes Summary By ICAIDirect Tax Changes in Budget 2015 By ICAIE book on Budget By ICAI (33MB) Miscellaneous:Medicinal and Toilet Preparartions  Clean Energy Cess   Changes In Custom & Excise analysis By Alok ShuklaJoint Secretary (TRU-I) Changes In … Read more

Direct Tax Proposals of Budget 2015 – 16 by ICAI

Tax Rates No change in the basic exemption limit and the tax rates of individualsCorporate tax rates proposed to be reduced from 30% to 25% over the next four years, starting from next financial year.The existing rate of tax on Income by way of Royalty and Fees for technical services in case of nonresidents @25% proposed … Read more

Cheer & Tear Factors in Budget 2015

IN last twenty years of doing budget analysis, I have still to see a Finance Minister who has been able to give all appeasing and perfect budget. Some ordinary looking budgets have led to high growth whereasat least one dream budget led to a mediocre growth. One budget allowed India to come out of clutches … Read more

Key Service Tax Changes in Budget 201 5 – 16

BUDGET 2015 has introduced numerous changes with respect to Service Tax. These changes are discussed in chronological order i.e. changes applicable from 1 st March 2015,changes applicable from 1 st April 2015, changes applicable from date of assent to Finance Bill & changes applicable from the date of notification after assent to Finance Bill. At the … Read more