#HighlightBudget2015 #TAXPROPOSAL

TAX PROPOSAL

Broad themes :

• Measures to curb black money;
• Job creation through revival of growth and investment and promotion of domestic manufacturing – “Make in India”;
• Improve ease of doing business - Minimum Government and maximum governance;
• Improve quality of life and public health – Swachh Bharat;
• Benefit to middle class tax-payers; and 
• Stand alone proposals to maximise benefit to the economy.

#HighlightBudget2015 #TAXPROPOSAL

TAX PROPOSAL

• Objective of stable taxation policy and a non-adversarial tax administration.
• Fight against the scourge of black money to be taken forward.
• Efforts on various fronts to implement GST from next year.
• No change in rate of personal income tax.
• Proposal to reduce corporate tax from 30% to 25% over the next four years, starting from next financial year.
• Rationalisation and removal of various tax exemptions and incentives to reduce tax disputes and improve administration.
• Exemption to individual tax payers to continue to facilitate savings.