Union Budget 2016: Latest News and Updates, Top Stories, Videos, Photos About Union Budget 2016

Proposal To Tax Employees Provident Fund (EPF) Now Withdrawn

Finance Minister, Arun Jaitley today said that the proposal to tax the Employees Provident Fund which was proposed in the Union Budget 2016-17, now stands withdrawn. In his Union Budget 2016-17 recommendations, the Finance Minister had proposed that after April ...

4 Changes Made In NPS In the Union Budget 2016

With an aim to encourage more number of private sector employees to have a pension security after retirement strict rules are made so that individuals should not withdraw the entire money from the Provident Fund Account. The National Pension System (NPS) ...

Tax Benefits On Gold Schemes In Union Budget 2016-17; Investors May Still Ignore

The Gold Monetization Scheme and the Gold Bond Scheme, which evoked a poor response, will now come with some tax benefits. The Union Budget 2016-17, has proposed that gold bonds would be exempt from Capital gains tax at the time of ...

Sensex Surges 777 Points On Solid Global Cues; Rate Cut Hopes

Benchmark indices surged in trade following a set of solid global cues and on expectations of an interest rate cut. Hopes that adhering to the fiscal deficit would lead to an interest rate cut, saw heavy buying in banking stocks. {image-01-1456823061-stockmarkets.jpg ...

Sensex Spurts 450 Points As Markets Bet On Interest Rate Cuts

Benchmark indices surged almost 420 points, as markets digested the Union Budget recommendations. The thrust on rural spending in the Union Budget 2016-17 is seen by markets as positive, as it could boost consumption. However, today's rally was largely on ...

Impact of The Union Budget 2016-17 On NRIs

Non Resident Indians (NRIs) were being treated unfairly, when it came to tax deducted at source on many instruments, particularly fixed deposits. An NRO has to pay in excess of 30 per cent as TDS on NRO deposits, unless of course ...

9 Stocks That Will Benefit From Union Budget 2016-17

The Union Budget is now behind us, with the markets losing substantially between the Union Budget of 2015 and Union Budget 2016. Here are select 9 stocks that will benefit from Union Budget 2016-17. We are not recommending to buy, ...

Union Budget 2016: 14 New Changes On Tax, Excise, STT And DDT

Union Finance Minister Shri Arun Jaitley proposed several changes in rates. Here is a look at new charges on different things. 1. Additional tax at the rate of 10% of gross amount of dividend will be payable by the recipients receiving ...

Union Budget 2016 Fails To Cheer Markets; Nifty Ends Below The 7000 Mark

The Union Budget 2016, did not cheer the markets too much with the Sensex closing marginally above the 23,000 points mark, as global cues remained weak. The Sensex ended the day lower by 152 points, while the Nifty dropped 42 points ...

4 Benefits For Senior Citizens From Union Budget 2016

The Union Finance Minister Shri Arun Jaitley said that the taxation is a major changes which will benefit senior citizens in the country. Individuals who are above the age of 60 years, but less than 80 years at any time during ...

Income Tax Rates For Financial Year (FY) 2016-17 And Assessment Year (AY) 2017-18

Finance Minister Arun Jaitley presented Union Budget 2016 on February 19, 2016. There were no changes in the income tax slabs for financial year 2016-17 and assessment year 2017-18. However, he did give a tax rebate for individuals who falls under ...

Dispute Resolution Scheme: 5 Tax-Friendly Rules

The Union Finance Minister Shri Arun Jaitley said that litigation is a scourge for tax friendly regime and creates an environment of distrust. Litigation also leads to increasing the compliance cost of the tax payers and administrative cost for the Government. ...

Union Budget 2016 News