Budget 2015-highlights - Business & Economy - General Economy - TIK Share

Budget 2015-highlights

CA Pulkit Sharma


Budget highlights:
The budget is one of the finest we could witness in recent times. Much of the attention was given to startups and specially one with technology.
1. Corporate tax is reduced from 30% to 25%.
2. Health Insurance exemption from 15000 to 20,000.
3. Transport allowance raised from 800 pm to 1600 pm (Positive for employees).
4. Pension funds from 1 to 1.5 lakhs.

And biggest:

Abolition of Wealth Tax. This was much more required.



Corporate Tax is not reduced, it wil be reduced from Next Year.