Indian’s Union Budget 2016 – 2017 Highlights (tax) Summary, Union Budget 2016, Budget 2016 – 2017, Indian Budget Highlights 2016, Summary of Union Budget 2016, 2017
Union Budget 2016 – Today in India history The Government of India announced for Indian Union Budget 2016 – 2017 session. They are provided various facilities to Indian Rural peoples. They are provided Rail, Tax and other subsidies related to Union Budget 2016.
The Finance Minister Arun Jaitley Today present Union Budget 2016 to 2017 session. With an eye of Arun Sir supporting the small tax payer and small investor slew the scheme with Incom Tax Exemptions.
Union Budget 2016 – 2017 Summery
The exemptions provided on the housing loan interested for first time home buyers and affordable housing boost the stressed residential sectors.
Rs – 1,060 crore revenue loss direct tax proposals and Rs 20,670 gain indirect tax proposals.
They are decided to for Rural people no service tax for house built under the 60 Square meters.
Excise duty on Tobacco products will increased 10 to 15 percents.
4 % high capacity tax for SUV.
1 Percent service Charges on purchase luxury cars Rs 10 lack and In cash over goods and service with in 2 Lack.
India’s Budget 2016 to 2017 Highlights
Additional Exemption of Rs 50,000 for housing loan up to 35 lack.
Arun announced the nine pillars of the budget for Agriculture, Farmers, Welfare, Rural Sector, Social Sectors, Health Care sector, Education, Skills and Jobs Sector. They are also provided Budget under the Infrastructure, Financials Sectors, Business, Fiscal Discipline, tax reforms etc.
Union Budget 2016 Check Now
They are provided 97000 crore for all roads. Total outlay on roads and rails will be 2.80 lack crore with 10,000 km of national highways in 2016 to 2017.
We hope this Budget will make you happy. But we know very well India Budget give some happiness with some badness also. So we trying to highlights some important announcement of Union Budget 2016 to 2017