#UnionBudget 2015-16 major proposed changes #ChartAcc #Budget
Saturday, February 28, 2015
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ChartAcc.com - The Union Budget 2015-16 major proposed changes are given below:
1. No change in Tax rate of Individuals.
2. Corporate tax reduced to 25%.
3.Wealth Tax Abolished.
4. 2% surcharge on Super Rich with Income above 1 Cr.
5.Service Tax Increased to 14%
6.All real estate transaction above Rs. 20000 to be made by account payee Cheque.
7.New law on Black Money.
8.Conveyance Allowance Exemption increased to Rs. 1600/- pm
9. Additional deduction for deposit in New Pension Scheme upto Rs. 50,000
1. No change in Tax rate of Individuals.
2. Corporate tax reduced to 25%.
3.Wealth Tax Abolished.
4. 2% surcharge on Super Rich with Income above 1 Cr.
5.Service Tax Increased to 14%
6.All real estate transaction above Rs. 20000 to be made by account payee Cheque.
7.New law on Black Money.
8.Conveyance Allowance Exemption increased to Rs. 1600/- pm
9. Additional deduction for deposit in New Pension Scheme upto Rs. 50,000
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