Page 6 - Union Budget 2016

EPF tax: Govt clarifies its stand in 11-point press release

The govt announced in the Budget yesterday that withdrawals from EPF and NPS to have same tax rates

#RollBackEPF trends on Twitter as irate salaried taxpayers slam tax on EPF withdrawals

Revenue Secretary Hasmukh Adhia on Tuesday said only the interest accrued on EPF would be taxable at the time of withdrawal

Why Jaitley's EPF tax is godsend for insurance plans and ponzis

If the govt wanted to incentivise NPS, tax should have been on insurance products, and not EPF

Budget 2016: PPF remains tax exempt; EPF interest post April 1 to be taxed

From 40%, public provident fund will now be 100% exempt. For EPF, the withdrawn amount would be totally tax exempt if it is re-invested in annuity pension products

This budget restores balance in rural Bharat and India Inc: Arun Lakhani

The approach of the FM is one of quantum jump rather than tinkering, which would accelerate the development process and put the Indian economy on a sustainable growth trajectory

BS Jury: Maintaining balance between fiscal prudence and rural, infra push

Kumar Mangalam BirlaChairman, Aditya Birla GroupIt was good to see the finance minister stick to the deficit reduction trajectory, yet deliver a Budget squarely focused on inclusive growth with employment generation. It made a bold financial commitment for the infrastructure sectors, especially transport. There is much-needed focus on the farm sector, with a goal to double incomes in the next six years. The fiscal prudence reflected in the Budget should reassure investors about India's macroeconomic stability in a globally turbulent environment. The move to provide a statutory backing to Aadhaar is welcome. One sees the effort to break down some of the roadblocks that have snagged the economy in the last few years, such as stalled PPP projects, NPAs and pending tax litigations. These should help India overcome legacy issues and take a big leap forwardAdi GodrejChairman, Godrej GroupFinance Minister Arun Jaitley's 2016-17 Union Budget was a balanced one. The good points were containing

Emphasis on healthcare muted: Dr Reddy's chairman

Lauds dialysis scheme & new health insurance plan, but says a well rounded thrust required to deliver good health to those in need of it

Budget 2016: Doubling farmers' income in 5 years a dream, says BKU

Said Rs 5,500 crore allocated for the new crop insurance scheme will benefit insurance companies and not farmers

Defence allocation down to about 1.65 % of GDP, lowest since the 1962 China war

The defence allocation, at Rs 2,49,099 crore, was only marginally higher than last year's Budget Estimates of Rs 2,46,727 crore

Omkar Goswami: The best news - Bereft of heroics

Perhaps the best praise for Jaitley and this Budget is his concern for fiscal prudence

Budget 2016: American investors bullish on Indian budget, says USIBC

Said investment in infrastructure, providing ease of business and certain tax certainties will be good for US investors

FM Arun Jaitley to Raghuram Rajan: It's your turn now

Budget meets additional spending burdens while staying on the fiscal consolidation path; big push for rural India

Gold: Jewellery, refining set to lose lustre

Higher duties could squeeze the sector's margins further

Budget 2016: Infra, rural push may boost core sector

Also, higher allocations for rural schemes should push demand for consumer goods

Corporate tax: Jaitley's big push for small businesses

Rs 4,300-crore dividend tax blow for promoters

Subsidies: Aadhaar to get legal tag for larger role

Bill for targeted delivery of subsidies to be introduced in Budget session

Tax on pension corpus: Jaitley just shrank your retirement kitty

Withdrawals from EPF and NPS to have same tax rates

Budget and impact: Mixed market signals

Nifty fell in post-budget trade but some stocks were up. EY analyses their performance

Jaitley bats for easier tax regime

Finance minister proposes one-time scheme for dispute resolution for past cases under retrospective tax

Budget 2016: With public sector push, Jaitley hopes to boost private investment

Railway, roads in focus; action plan being drawn up to revive unserved and underserved airports