Major highlights of proposed tax slab for ay 201819. Pwc 2016 budget highlights 4 2016 budget highlights at a glance snapshot of 2016 budget statement improvements in tax revenue in 2015 have been constrained by fall in commodity prices and power supply challenges that led to slow down of growth in business activity. With budget 2016 we are providing new and increased funding for services, helping to ease the cost of living. Our publication incorporates changes based on the 2016 budget speech. Medium term fiscal policy cum fiscal policy strategy statement. Fy 2016 budget highlights department of budget and. Create additional fiscal space for sustainable budget expenditures and enhance efficiency in. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Pwc 2016 budget highlights 2 a nchored on the countrys home grown policies and consolidated by the three year international monetary fund imf extended credit facility ecf programme 20152017, the minister for finance, mr.
Budget highlights 6 the itys adopted financial policies require the funds balance be maintained at the maximum allowed level. Direct taxes will generate about 32% of the total revenues while indirect taxes is expected to be the highest. Highlights of the draft fy2017 budget december 22, 2016pdf. Budget 201617 at a glance 1 receipts total revenue receipts of 201617 is estimated to be rs.
Gratuity payment sums received by way of gratuity on retirement from employment is exempted from tax under schedule 6 paragraphs 25, 25a, 25b or 30a of the ita 1967. Please utilize them for building your knowledge and dont make them commercial. Highlights of individual taxation while there are no changes in the tax slabs, the much expected tax on the rich has come in by way of an increase in the surcharge from 12% to 15%. Total receipts in financial year 201617 estimated to be rs.
Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20162017, budget impact, exclusive coverage of budget 2016 news, india union budget 20162017, budget. In addition, the fact that ghana successfully met all. Budget statement and economic policy of the government of ghana for. Speech by the financial secretary, the hon john c tsang moving the second reading of the appropriation bill 2016. Debt stock as a percentage of gdp is expected to stabilise at 46. At these meetings, the committee heard reports from state agencies, approved grant applications, and adjusted other funds and federal funds expenditure limitations. Not only the above, there are many other important announcements made as part of the budget 2016.
Budget highlights 2019 4 real sector performance 3. Total investment in the road sector, including pmgsy allocation, would be 97,000 crore during 201617. Karunanayaka presented the first full year budget proposals of the newly appointed unity government of sri lanka. Budget 2016 contents page summary of 2016 budget measures policy changes a1. Please find enclosed highlights and analysis based on the speech by the designated minister of finance and economic planning on 8th june 2016 wehope that you will find this publication helpful, and we look forward to yourcomments. Terkper minister for finance on the authority of his excellency president john dramani mahama. Subject current legislation proposed legislation 4.
Brief summary, financial, general, family, it latest update. Uganda budget highlights 2016 the story behind the. The budget highlights of the budget statement and economic policy of the government of ghana for the 2016 financial year presented to parliament on friday, th november 2015 by seth e. Additional 15,000 crore to be raised by nhai through bonds. Budget highlights key features union budget of india. This budget proposes to keep the small business tax rate at 10. Fy 2016 budget highlights maryland department of budget and. As a result, the budget also proposes to maintain the current grossup 17% and dividend tax credit 2129 of the grossup rate rates applicable to noneligible dividends. Setting tomorrows priorities a look at ugandas 2016 17 national budget june 2016.
It also includes anticipated changes to the tax legislation. Live budget news et brings you 360 degree coverage of the budget 201617. Subject current legislation proposed legislation 1. Review of individuals income tax rates rm a tax resident chargeable income tax rate % 600,001 1,000,000 25 exceeding 1,000,000 28 25 b nonresident individual. The union budget for 201617 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 29, 2016. Most of this proposed spending increase for the general fund can. To approve nearly 10,000 kms of national highways in 201617. Strong fiscal management pays dividends bc budget 2020. After a year of political, fm has presented comprehensive budget proposal which not only.
Union budget of india 201819 highlights pdf cracku. The institute of computer accountants ica tax on dividend received additional tax at the rate of 10% of gross amount of dividend will be payable by the recipients receiving dividend in excess of rs. Live india budget 2016 news coverage online, highlights of union budget 201617, income tax slab, fdi, fiscal policy, gst bill by finance minister arun jaitely. Allocation of 55,000 corer in the budget for roads. Get latest updates on budget highlights, railway budget, expert views and opinion. These funds will be used for the residential drug abuse treatment program. Based on the new base year of 20, real gdp growth in 2017 was 8. We will update the pdf file of 2018 budget when the budget sessions are completed. Business standard offers exclusive live coverage on budget 2016 presented by finance minister arun jaitley. Usda fy 2016 budget summary pdf, 1 mb usda fy 2016 budget highlights updated 2615 pdf, 93 kb usda fy 2016 budget fact sheet pdf, 170 kb office of budget program and analysis obpa past budgets.
Budget 2020 highlights pdf download all pdf which are provided here are for education purposes only. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Policy initiatives are indicative of an economy geared towards fiscal consolidation with the 2016 fiscal deficit set at 7. Seth terpker, presented the 2016 budget to parliament with the theme consolidating progress towards. Union budget 201819 live updates highlights pdf download.1625 1461 525 1263 125 701 569 1361 673 513 753 863 955 42 14 557 384 1224 1207 530 1257 43 562 373 932 1451 827 1171 672 6 788 1439 1483 814 155 712 1106 463 951