Live Updates for budget 15 - share your views !

FY16 health sector allocation at Rs 3,31,500 cr #Budget2015

Exemptions for individual tax payers to continue

Hiding of income will face penalty of 300% of asset value: FM

Basic rate of CorporateTax to be reduced from 30% to 25% in next 4 years;to be accompanied by reducing exemptions #Budget2015

• Penalty for evaders will be 10 years in jail: FM
• Comprehensive new law to tackle black money to be in place soon: FM
• Bill to enforce action against Black Money will be tabled in Parliament: FM
• Electronic filing of statements to track evaders and take action: FM

Propose to enact a comprehensive new law on black money to bring back black money stashed abroad. Comprehensive New Law on Black Money. Bill to be introduced in the current session

10% tax ease on royalty fee on tech services: FM #UnionBudget2015

Additional surcharge of 2% on income of more than 1 crores

Replace wealth tax with a surcharge on super-rich, will lead to 9,000 cr additionally

Govt to reduce custom duty on 22 items
abolish wealth tax and replace it with 2% surcharge on super rich

For senior citizes: Tax-free cap on medical expenses raised to Rs 30,000, says FM