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Union and Karnataka State Budget related News, Articles and Information

Tax Changes wef 1st June 2016

Changes in Indirect and direct Tax wef 1-6-2016

Amendments in tax laws from 01-June-2016 [Changes proposed by Finance Act 2016] The Finance Act 2016 has proposed certain changes that come into effect from 01-June-2016. The changes are important as they may impact the way in which you transact with your customers / vendors & may require a modification to your billing ...

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How does the Government spend tax money?


  The Union government gets Rs.17,83,172 Crore to spend! Looks like a lot of money, isn’t it? Even with so much money, why don’t we get electricity 24/7, good roads and public utilities? A natural question that any citizen of this country will have. Agree?   Income Tax and Corporate ...

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Highlights of Karnataka State Budget 2015 -16

Karnataka budget 2015-16

  Here are some of the important points of Karnataka Budget presented by CM Siddaramaiah on 13th March 2015.    1. Profession Tax – The exemption limit is increased from Rs.10,000 to Rs.15,000. (Note: Currently, the employees who are drawing salary between Rs.10,000 and Rs.15,000 are paying Rs.150 per month as ...

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Lesser known facts about the Railway Budget 2015

Railway Budget 2015- Lesser Known Fact

All of us have read enough about the railway budget. So I thought of presenting the information in a different format and with lesser known facts. Hope this helps. The Issue – First and foremost we have to analyze the issue – the problem of Indian Railways. Each of us ...

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