Budget 2016: What it means for you & India

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ET Special Newsletter | March 01,2016

Swaminathan Aiyar: Steady Arun Jaitley keeps economic meter ticking In the face of threatening global financial squalls, the Budget provides credibility, a steady course for steering the economy. PPF stays on exemption list, only EPF interest to attract tax Hasmukh Adhia said the Budget 2016 proposal to tax 60 per cent of EPF withdrawal will affect less than one-fifth of employees with high salaries. Here's the list of what's cheaper & what's dearer As a result of additional levy of Krishi Kalyan and infrastructure cess, activities including eating out and payment of bills will become more expensive.

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Highlights of FM Arun Jaitley's speech "IMF has hailed India as a bright spot. Let us look at our achievements compared to the last three years of the last government. We inherited an economy with low growth and high inflation," Jaitley said. read more...

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India poised to become a roaring tiger, says Arundhati Bhattacharya The idea of digitising all educational certificates is a novel way to bring more transparency to the education sector and a great enabler for employment. Eight takeaways for individual taxpayers Those earning below Rs 5lakhs to save an additional Rs 3,000 in taxes. Tax rebate under Section 87A has been raised from Rs 2,000 to Rs 5,000. Fiscal discipline is good for country's health, says Chanda Kochhar Chanda Kochhar said that the most noteworthy highlight of the Budget is the adherence to fiscal targets without compromising on capital spending. Budget 2016: 6 ways to pay less tax, legally HRA gives you a bigger break than a company flat? This is designed to help you understand the key tax proposals of the Budget and minimize the pinch. Big takeaway is that there is no big idea, says P Chidambaram He has also said FM had refused to send any signal of 'accommodation of the Congress' three conditions for passing the GST Bill. A house from Finance Minister Arun Jaitley is no longer fiction FM has incentivised the small home loan borrower by providing an increased Rs 50,000 deduction pa on the interest component of a home loan. How Budget 2016 will impact your investments in stocks and mutual funds The Budget often impacts the bottom lines of industries and companies — and can make a difference to your investments. Suit gets boot, government sings 'Jai Kisan' The Modi administration's 3rd Budget marks a tilt towards the farm sector, rural and semi-urban areas, middle and small enterprises and the underprivileged. Here is your guide to personal tax We take a look at the announcements made by Finance Minister Arun Jaitley in Budget 2016 and the impact of those proposals. We have maintained quality of fiscal deficit, says Arun Jaitley I have allowed 100% FDI in food grown & manufactured in India. Investment can come in from anywhere, ultimately it's farmer who will benefit, says FM.

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