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PRESENTED BY: SUMIT
CORPORATE TAX
 Corporate tax will be gradually reduced from 30% to
25% over the period of 4 yrs starting from April 2016.
 It was announced that donation made to Swachh
Bharat Abhiyan & clean Ganga plan under social
corporate responsibility.
 Yoga trust were classified as charitable trusts and given
tax benifits.
SERVICE TAX
 Service tax rate was raised from 12.26% to 14%.
 Service tax exemption given to mutal fund agents was
withdrawn.
 Lottery ticket sellers and chit fund agents were
brought under the ambit of service tax.
EXCISE DUTY
 The central excise duty rates were round off from 12.36% to
12.5%.
 The excise duty on cigarettes was increased by 25%.
 The excise duty on plastic bags was increased from 12% to
18%.
 The excise duty on soft drinks & packaged water was
increased from 12% to 18%.
 The excise duty was removed from compound used in the
manufacture of aggarbatti.
 The excise duty on leather footware was reduced from 12%
to 6%.
SOCIAL SECURITY
 Salaried employees were given the choice between
employees provident fund & national pension scheme
as their pension fund.
 Pradhan mantri suraksha bima yojana with annual
premium of rs.12 will provide a coverage of rs 2lakh for
full disability or death, and 1 lakh for partial disability.
 Pradhan mantri jeevan jyoti bima yojana is a insurance
scheme with an annual premium of rs330, it will pay rs
2lakh in case of death.
CUSTOM DUTY
 Import duty on various refrigerator components were
removed.
 Import duty on solar water heater were removed.
 Duty on imported commercial vehicles was increased
from 10% to 40%.
EDUCATION
 A scheme called “ Nayi Manzil” was announced which
will help minority youth without school- leaving
certificate to find employees .
 AIIMS for announced for jammu & kashmir, punjab,
tamil nadu, himachal pradesh and assam.
 IIT will be set up in karnatka.
 An indian school of mines, Dhanbad will be upgraded
to an IIT.
 IIM announced for J&K and andhra pradesh.
NEW PROJECTS
 5 IIMs to be opened in HP, Punjab, Bihar, odisha,
Rajasthan.
 5 more IITs in Jammu, Chattishgarh, Goa, Andhra
Pradesh and kerala.
 4 more AIIMs comes in Andhra Pradesh, West Bengal,
Maharashtra, U.P.
INVESTMENT
 Permanent account number was made mandatory for
transactions above 1 lakh.
 Three new gold deposit scheme were announced to
reduce import of gold.
 Gold coin with the Ashoka Chakra on the face will be
created.
ALLOCATION
 RS 100 crore to support about 600 new & existing
community radio stations.
 100 crore for metro projects in lucknow & ahmedabad.
 2037 crore for set asside for integrated ganga
conservation mission called “Namami Gange”.
 150 crore alloacated for increasing safety of women in
large cities.
 7060 crore for the project of developing 100 smart
cities.
PRICE INCREASING
PRICE FALL
Union budget 2015

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Union budget 2015

  • 2. CORPORATE TAX  Corporate tax will be gradually reduced from 30% to 25% over the period of 4 yrs starting from April 2016.  It was announced that donation made to Swachh Bharat Abhiyan & clean Ganga plan under social corporate responsibility.  Yoga trust were classified as charitable trusts and given tax benifits.
  • 3. SERVICE TAX  Service tax rate was raised from 12.26% to 14%.  Service tax exemption given to mutal fund agents was withdrawn.  Lottery ticket sellers and chit fund agents were brought under the ambit of service tax.
  • 4. EXCISE DUTY  The central excise duty rates were round off from 12.36% to 12.5%.  The excise duty on cigarettes was increased by 25%.  The excise duty on plastic bags was increased from 12% to 18%.  The excise duty on soft drinks & packaged water was increased from 12% to 18%.  The excise duty was removed from compound used in the manufacture of aggarbatti.  The excise duty on leather footware was reduced from 12% to 6%.
  • 5. SOCIAL SECURITY  Salaried employees were given the choice between employees provident fund & national pension scheme as their pension fund.  Pradhan mantri suraksha bima yojana with annual premium of rs.12 will provide a coverage of rs 2lakh for full disability or death, and 1 lakh for partial disability.  Pradhan mantri jeevan jyoti bima yojana is a insurance scheme with an annual premium of rs330, it will pay rs 2lakh in case of death.
  • 6. CUSTOM DUTY  Import duty on various refrigerator components were removed.  Import duty on solar water heater were removed.  Duty on imported commercial vehicles was increased from 10% to 40%.
  • 7. EDUCATION  A scheme called “ Nayi Manzil” was announced which will help minority youth without school- leaving certificate to find employees .  AIIMS for announced for jammu & kashmir, punjab, tamil nadu, himachal pradesh and assam.  IIT will be set up in karnatka.  An indian school of mines, Dhanbad will be upgraded to an IIT.  IIM announced for J&K and andhra pradesh.
  • 8. NEW PROJECTS  5 IIMs to be opened in HP, Punjab, Bihar, odisha, Rajasthan.  5 more IITs in Jammu, Chattishgarh, Goa, Andhra Pradesh and kerala.  4 more AIIMs comes in Andhra Pradesh, West Bengal, Maharashtra, U.P.
  • 9. INVESTMENT  Permanent account number was made mandatory for transactions above 1 lakh.  Three new gold deposit scheme were announced to reduce import of gold.  Gold coin with the Ashoka Chakra on the face will be created.
  • 10. ALLOCATION  RS 100 crore to support about 600 new & existing community radio stations.  100 crore for metro projects in lucknow & ahmedabad.  2037 crore for set asside for integrated ganga conservation mission called “Namami Gange”.  150 crore alloacated for increasing safety of women in large cities.  7060 crore for the project of developing 100 smart cities.