Ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income to be raised to Rs 5000 from Rs 2000#union budget 2016
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Live updates and discussion budget 16
Presemtive income tax scheme to be extended to all professionals with income of Rs 50 lakh with a presumption of 50 per cent profit. # budget 2016
DDT @ 10% by receiver of Dividend to pe paid if divident received in excess of 10 lakh P.A :FM
Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana# budget 2016
STT on options increased to 0.5% :FM
No change in tax slabs but some relief for the middle class # union budget 2016
Relief of Rs 3000 per year to taxpayers with income below Rs. 5 Lakh per year. 1 crore tax payers to benefit#union budget 2016
Service tax exempted for housing construction of houses less than 60 square metre: FM
Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses#union budget 2016
Increase in Excise Duty 10-15% on tobacco products excluding biddis
Krishi Kalyan Cess of 0.5% on all taxable services
Boost for startups! 100% tax deductions for new startups for first 3 years: #FM
LTCG period of non listed companies reduced to 2 years:FM
Services provided by EPFO exempted from service tax: FM
To hike excise duty on tobacco: # union budget 2016
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