Finance minister Nirmala Sitharaman in the Union Budget for the fiscal year 2019- 2020 on Friday proposed various measures for the financial markets, such as recapitalisation of PSU banks and easing liquidity concerns of the non-banking financial companies. The government…
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Budget 2019 on Banking Sectors
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Union Budget 2019 – Highlights
Taking a pragmatic approach, Finance Minister Nirmala Sitharaman announced no changes in personal income tax rates but levied additional surcharge on the super-rich. She also sought to spur growth with reduction in corporate tax and sops to housing sector, startups…
7 Expectations from Budget 2019
Finance Minister Nirmala Sitharaman is all set to present her maiden budget in the Lok Sabha today. Friday at a crucial juncture in the economy when growth is slowing down and so are revenue collections. Consumer demand which has so…
Tax changes from last 5 years
In the last five years, your tax slab has been raised only once. In 2014, your basic exemption limit for income tax, if you are not a senior citizen, was raised to Rs2.5 lakh from Rs2 lakh. Analysis of various…
Income Tax Slabs for FY 19-20
The 2019 Interim Budget was presented on 1 February 2019 by the interim Finance Minister Piyush Goyal. The biggest announcement this time is the fact that incomes up to the extent of Rs.5 lakh will be exempt from tax. In…
Budget 2019 – Tax Changes
The rebate under Section 87A of the Income tax Act, 1961, has been raised to ₹12,500. It is only applicable for those with net taxable income of up to 5 lakh. A rebate is the amount of tax the taxpayer…
Budget 2019 – Personal Finance Highlights
Union Finance Minister Piyush Goyal presented the interim budget for 2019 on Friday. There was a lot in it for taxpayers, especially those in the low and middle income groups. Here is a look at the most important announcement made…
Budget 2019 Impact on Middle Class
This year’s Budget, which was largely expected to be a vote on account, without any changes in the tax law, surprised taxpayers by containing eight amendments, all of which are beneficial to taxpayers. The additional pleasant surprise was that, other…
Tax on Rental Income
Interim budget 2019, Finance Minister Piyush Goyal has proposed to extend the benefit of self-occupied property to two houses, if it is not let out. At present you could only do this with one house property. If you have three…
Budget Impact on Business and MSME
Finance Minister Piyush Goyal on 1st Feb 19 announced a 2 per cent interest subvention for MSMEs that have taken a loan of Rs 1 crore. The government will make it mandatory to source 25 per cent from the SME…