Taxation highlights:Personal tax exemption limit raised to Rs 2.5 lakh from current Rs 2 lakh for taxpayers below 60 yearsSenior citizens’ tax exemption limit hiked from Rs 2.5 lakh to Rs 3 lakhNo change in surcharge for corporates, individualsEducation Cess to stay at current 3%Investment limit under Section 80C hiked to Rs 1.5 lakh from current […]
Category: Budget 2014
Highlights of Rail Budget 2014
Here are the highlights of Rail Budget 2014 presented by Union minister Sadananda Gowda* Indian railways to become the largest freight carrier in the world.* Social obligation of Railways in 2013-14 was Rs 20,000 crore.* Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent.* Focus in past has been on sanctioning […]
Budget 2014-2015-changes in some indirect tax rates are proposed
Changes in Tax Rates Following changes in some indirect tax rates are proposed: • States to partner in development so as to enable the Centre to focus on Defence,Railways, National Highways and Tele communication. • The Excise Duty on all goods falling under Chapter 84 & 85 of the Schedule tothe Central Excise Tariff Act […]
Budget 2014,Leaving direct taxes untouched, finance minister P Chidambaram
Key Features of Budget 2014-2015 Finance minister P Chidambaram has rejected the charge of policy paralysis as he presented his interim Union Budget in Parliament today. NEW DELHI: Leaving direct taxes untouched, finance minister P Chidambaram on Monday slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth.Presenting […]
Railway Budget 2014-15-No fare hike
No increase in passenger fares and freight charges 17 new premium trains, 38 express trains and 10 passenger trains to be launched Premium AC trains with dynamic fares on Delhi-Mumbai route with shorter advance reservation periodPassenger rail service to Katra and Vaishnodevi to start shortly [adsenseyu2]Railways to expand services to MeghalayaMore high-speed trains to be […]
