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Highlights of union budget for 2013-14

March 6, 2013

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Finally much awaited budget 2013 is come out without exciting the investors. This budget is very simple and there is no significant change for the tax payers, finally the budget disappoint the middle class people by not increasing the tax slabs. So, one more year with the same income in the rising inflation environment. This [...]

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Expect good budget this year

January 22, 2013

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You should be getting ready for this year’s most awaited budget and last budget for the current UPA government ruling. So, this budget would be considered as the election budget which will focus more on retain the tax slabs not changed or relax to make the working people more happy to harvest the vote banks. [...]

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Top 10 announcements of union budget for 2012-13

March 20, 2012

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After a long awaiting, the Union Budget of India has been delivered by our finance minister Pranab Mukarji. There is mixed opinion on this budget, but seeing the opinion from the experts, the budget mainly lack of the focus on India’s future growth. Also the expectation was huge for this budget because India’s financial deficit [...]

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New Tax Slabs for Individuals (Budget 2010-11)

March 1, 2010

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It is good time for the common man when the union finance minister announced the new tax slabs for the common man. The new slabs will definitely reduce the burden of common man and it will be some relaxing news for them because already inflation is soaring to new high. The following table shows the [...]

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Petrol and Diesel Prices increased from tonight (Budget 2010-11)

February 26, 2010

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The government has announced a hike in the prices of auto fuels like petrol prices by Rs 2.67 per litre and diesel prices by Rs 2.58 per litre with effect from tonight.

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Expected Changes on Tax Savings Fixed Deposit (Union Budget 2010-11)

February 20, 2010

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This budget may bring the smiles in people who are looking to invest their money bank deposits and save the tax. Most likely this budget may amend the existing restrictions on tax saving fixed deposits. Nowadays most people prefer the mutual funds as the tax savings instrument because of their 3 years lock-in period. Tax [...]

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Union Budget of India (2010-11)

February 16, 2010

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As we know, the timeliness for the next fiscal budget is nearing. It is very crucial for India to balance the budget with all the class people. It is already there is huge deficit in India and it is most widely expected that the new budget will not deliver any good news for the common [...]

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Budget 2009 Highlights

July 7, 2009

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Yesterday Union finance minister announced the Budget for 2009-2010. This blog summarize the important points on the budget. Silver to cost more. Tax to be levied on Law Firms. Textile units to receive tax holiday. LCD TVs to cost less. Custom duty on LCD TVs cut from 10% to 5%. Set-Top Boxes to cost more. [...]

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Income Tax Exemption Limit Raised (2009-2010)

July 6, 2009

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THE Finance Minister, in today’s budget speech, announced marginal tax benefits for individual tax payers. He increased the basic exemption limit for male taxpayers and female taxpayers by Rs 10,000 and that of senior citizens by Rs 15,000. Further, he abolished the surcharge of 10% on income over Rs 10 lakh. The new tax slabs [...]

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Changes in Residential Rentals

May 12, 2009

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Is it a good time for those living in rented apartments? Your location could well be the answer to that. While some pockets in the country are showing an upswing in rentals, other micro-markets are witnessing a reverse downward movement. Leading real estate consultants say that the residential rental market has been moving in tandem [...]

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