Union Budget 2015-16: Key Highlights

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Finance Minister, Arun Jaitley presented his first full Union Budget for fiscal year 2015-16. Here are quick highlights from the Union Budget 2015.

    • Target of 8.5 lakh crores credit to be given to farmers in 2015-16.
    • Tax exemption on transport allowance increased to Rs 1600.
    • Limits on pension funds tax exemption increased to Rs 1.5 lakhs from Rs 1 lakhs.
    • Excise duty on footwear where cost is less than Rs 1000 reduced.
    • Interest on 'Sukanya Samridhi Yojna now tax exempted.
    • Senior citizens welfare fund to subsidise the premium for elderly people
    • Yoga instructions, institutions will get tax relief
    Union Budget 2015-16: Key Highlights
    • Replace wealth tax with a surcharge on super-rich, will lead to 9,000 cr additionally.
    • Corporate tax to be reduced by 5% in the next 4 years from 30% to 25%.
    • Increase in limit of health insurance from Rs 15,000 to Rs 25,000.
    • From exemptions announced, individual tax payer to get benefit to the extent Rs. 4,44,200/- 
    • PAN mandatory for any sale which exceeding Rs 1 lakh
    • GAAR to be deferred by 2 years.
    • Nonfiling of returns, or filing of returns with inadequate information will attract imprisonment.
    • To set up Mudra Bank aimed at lending to lower income groups.
    • Employees contribution to EPF should be optional, says FM
    • Pradhan Mantri Suraksha Bhima Yojana to be launched for insurance of upto Rs 2 lakhs.
    • To launch PM Suraksha Bhima Yojana, offering coverage of 2 lakh rupees for just premium of Rs.12
    • Tax free bonds are back. Infrastructure bonds for investment in railways and roadways
    • Gold Monetize Scheme. A sovereign gold bond in place. Gold coin with Ashoka Chakra, so as to reduce demand for gold coins from abroad.
    • Rs 1000 crores for Nirbhaya Fund.
    • To Allocate '75 Cr For Electric Vehicles.
    • To enact a comprehensive law on black money stashed abroad: Jaitley
    • Corporate tax to be reduced by 5% in the next 4 years from 30% to 25%.
    • GST to be implemented next year.
    • To raise visa on arrival facilities to 150 countries from 43.
    • FM proposes an IIT institute in Karnataka, Horticulture Institute in Amritsar.

    Read more about: union budget 2015 arun jaitley
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more