Defence Budget 2020-21 15.49 percent of the total central government expenditure for the year 2020-21 The Union Budget for the financial year 2020-21, presented by Finance Minister Smt Nirmala Sitharaman in Parliament on February 01, 2020, envisaged a total outlay of Rs 30,42,230 crore. Out of this, Rs 3,37,553 crore has been allocated for Defence (excluding Defence … [Read more...] about Defence Budget 2020-21
Union Budget
New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers
New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers New tax regime to be optional for the taxpayers New rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant relief to the individual taxpayers and to simplify the Income-Tax law, the Union Budget proposes to bring a new and simplified … [Read more...] about New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers
Key Highlights of Union Budget 2020-21
Key Highlights of Union Budget 2020-21 Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures. The Key Highlights of Union Budget 2020-21 are as … [Read more...] about Key Highlights of Union Budget 2020-21
Summary of Union Budget 2020-21
Summary of Union Budget 2020-21 PART-A Presenting the first Union Budget of the third decade of the 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long term measures. The Union Budget has been structured on the overall theme … [Read more...] about Summary of Union Budget 2020-21
Budget 2020 : New Income Tax Slabs
Budget 2020 : Income Tax New Slabs Key highlights of Union Budget 2020-21 Govt extends additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021 New Income Tax Slabs No tax for income below Rs 5 lakh 10% for income between Rs 5 - 7.5 lakhs (down from 20%) 15% for income between Rs 7.5 - 10 lakhs (down from 20%) 20% … [Read more...] about Budget 2020 : New Income Tax Slabs