The budget for the F. Y. 2015-16 has been presented by the H’ble Finance Minister Sh. Arun Jaitley ji in the Lok Sabha today. There has been a significant effort by the Finance Minister to stablise the taxation regime in India including cancellation of the Direct Tax Code implementation and defferment of GAAR for 2 years. He has crafted a message for a stable tax regime in India with a deep sense of predictability in the Tax Structure. Corporate Tax is proposed to be reduced to 25% in next 4 years.
We are enclosing the Income Tax Ready Reckoner incorporating the proposals of the Finance Bill, 2015 applicable for the F. Y. 2015-16:-
