Those travelling in AC coaches of trains will now have to shell out more from Wednesday , with the government deciding to impose 'Krishi Kalyan' cess of 0.5 per cent on service tax.
On retirement, you will draw a lesser amount as pension.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
Union budget was mildly for cable broadcasting industry and DTH.
Aerated drinks, mineral water, travel packages, coaching classes and beauty parlour services might also cost more
Here are the key highlights of the BJP's 'Sankalp Patra' for the 2024 parliamentary polls.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
With a focus on direct, indirect, and corporate tax structures, the Budget 2016-17 offers a balanced taxation structure
Elections are scheduled in five states of Uttar Pradesh, Uttarakhand, Manipur, Goa and Punjab.
The forms - 1, 2, 3 and 4 - can be used both for e-filing or manual filing of the black money assets by a declarant under the Income Declaration Scheme (IDS).
In the last Budget, the government had come out with similar compliance window for people holding undisclosed assets abroad.
The 14th Finance Commission had recommended that states' share in the divisible tax pool be raised to 42 per cent, from 32 per cent earlier.
The government had raised Rs 10,000 crore through the last domestic black money amnesty.
What do you think of these proposals? Vote at the end of each proposal!
A total of 64,275 declarations were made under the scheme, an average of Rs 1 crore per disclosure. This is expected to translate into tax collection of about Rs 30,000 crore from the scheme, of which the government exchequer should get around Rs 15,000 crore by the end of 2016-17.
Electricity tariffs to go up as coal cess is doubled.
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
The Government of India has decided to launch a massive rural public works scheme, 'Garib Kalyan Rojgar Abhiyaan', to "empower and provide livelihood opportunities to the returnee migrant workers and rural citizens". Prime Minister Narendra Modi will launch this scheme on June 20 through video conference in the presence of Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Kumar Modi.
According to Modi, the TMC's 'political syndicate' rules in the land of 'Vande Mataram' and 'Jana-Gana-Mana' and pursues appeasement and vote bank politics.
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
A provision of Rs 15,000 crore has been made in the budgetary estimate of 2016-17 towards interest subvention.
Perhaps India needs to implement these for Achhe Din to happen.
When the Centre collects money through cess, it can retain the entire fund for the particular scheme.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
Customs and excise duty rates have been amended mainly to promote Make in India.
Narendra Modi is set to address a huge political rally in Lucknow in poll-bound Uttar Pradesh on Monday, January 2. The PM is expected to make some big announcements at the rally, his first after the 50-day deadline on demonetisation curbs expires. Utkarsh Mishra imagines what Modi will say at the rally, dubbed as Lucknow's 'biggest ever.'
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
'If you are doing something to our national democratic space which involves serious amounts of land, the public should have been consulted.'
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
According to BJP strategists, PMJAY and the PM Ujjwala Yojana will form the nucleus of the Modi government's re-election campaign.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people.
President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political, economic and foreign policy road map of the Narendra Modi government and covers virtually all crucial areas.
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