Category: Budget
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Union Budget 2020 Expectations – Tax2win
Hon’ble Finance Minister Nirmala Sitharaman will present her second budget for the financial year 2020-21 on 1st February 2020 preceded by an economic survey on Saturday, 31st Jan. Since the budget 2020 pronouncement is round the corner we have compiled here the list of expectation being put forth for individual’s tax relief In the…
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Budget 2019-Is Rs.5 Lakh Income Actually Tax Free?
One of the most talked about announcement made by FM Piyush Goyal in his Interim Budget speech on 1 Feb 2019 was, annual income upto Rs 5,00,000 will be given full rebate under Income Tax Act. Soon after the news came out there were several interpretations drawn… There was confusion that the basic exemption limit…
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Budget 2019: No Tax for Salaried Employee upto Rs 7,00,000
Smashing all the buzz around the country Budget 2019 has finally been a populistic interim budget. A number of the pathbreaking announcement has been made via the vote on account presented on 1 Feb 2019 by FM Piyush Goyal. One of the most talked about amendment being Complete Tax Rebate to those having an annual…
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7 Major Tax Changes by Budget 2019
Modi government has pronounced 7 major reforms in Income Tax for the benefit of the middle-class taxpayers. These are as under – 1. Complete tax rebate u/s 87A has been announced to those earning annual taxable income upto Rs 5,00,000 2. No tax to those having gross income till Rs. 6.5 lakh if the investment…
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Interim Budget 2019 Live | Latest Updates & Highlights
Here are all announcements made by the Modi government in its last and 6th budget being the vote on account. Indian Interim Budget 2019-2020 was announced by the interim Finance Minister Mr. Piyush Goyal at the parliament house from 11 AM on 1st Feb 2019, Friday. There were a lot of hopes and rumors but…
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Budget 2019 Predictions
With the days of Budget 2019 announcement coming closer the expectations are being talked about loud!! In our second series of blog, let’s talk about the slab rates. We previously focused on drawing pictures of predicted slab limits but in today’s blog, we will focus upon the decrease in slab tax rates as foreseen form…
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Budget 2018 : Boon for Senior Citizens
The Union Budget 2018, presented on 1st February 2018 gave a plethora of benefits to the Senior Citizens! The philosophy behind these benefits is evident from the statement of our FM, “ A life with dignity is a right of every individual in general, more so for the senior citizens. To care of those who…
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INDIA – A Tax Free Nation
India is doing great on national and international front but as citizens of India what is our greatest desire?? Do you also dream of a tax free India? Is it possible? Have you ever thought how relaxing will be days when income in your hands will no more be taxable, when at the end of…
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How Budget 2018 impacted Individuals – Post Budget Analysis by Tax2win
The most awaited last full-fledged Union Budget of Modi Government has been announced on 1 Feb 2018, by the Finance Minister Arun Jaitley. It was the first post GST budget so it was unique in its own ways. Now after the Budget speech of FM, everybody from every sector is keen to know the impact…
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Budget 2018 – 7 Impacts on Salaried Individuals
The tax proposals for the Financial Year 2018-19 were presented by the Finance Minister in the much awaited Union Budget 2018. The focus was on reforms for specific sectors like agriculture, health and education. The tax-related changes under the Budget2018 specifically for the individuals were very confined. The reason stated by the Finance Minister for leaving Individuals high and…