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Category: Budget 2014

Here are the key highlights of Union Budget 2014-15

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 […]

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 […]

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