budget | Enrichwise

February 1, 2025 General Enrichwise Digital

Union Budget 2025: Tax Reforms You Need to Know

The Union Budget 2025 has arrived, and with it, a host of exciting updates and changes that will directly impact your personal finances. After much anticipation, some significant shifts have been announced. Let’s dive into the key highlights that have generated buzz—particularly the changes to the tax regime, which are expected to have far-reaching effects [...]

February 1, 2023 Financial Planning, Tax Planning Kapil Jain

Budget Highlights – 2023 ! Highlights and Old regime Versus New regime !!!

Budget Highlights – 2023 ! Highlights and Old regime Versus New regime !!! 7 key changes in Budget impacting ‘Investors’ – 1) New Life Insurance policies > 5 lacs aggregate premium – Proceeds are now taxable (For ULIPs this was already at 2.5 lacs ) Impact – Traditional Insurance becomes unfavourable from 1st April. Rush […]

August 5, 2022 Financial Planning Kapil Jain

Why can’t we stick to our budget plan?

Why can’t we stick to our budget plan? Did you know that the word budget comes from the French word ‘bougette’, which means a small leather purse? While most of you would not have known the antiquity of the term, most of you would understand the concept of budget, which is a financial plan of […]

February 1, 2022 Market Update Kapil Jain

Budget 2022-23 Highlights

Budget 2022 Highlights: Key Takeaways for Investors Cryptocurrency and Digital Rupee The government intends to develop a digital rupee based on blockchain and other technologies in the fiscal year 2022-23. It will be issued by the Reserve Bank of India. Profits from digital assets will be taxed at the highest rate of 30%. Only the […]

February 2, 2019 Tax Planning admin

Interim Budget FY 2019-20 Highlights ! for Normal Salaried

Interim Budget – Highlights ! 1. Full tax rebate for individuals earning up to Rs.5 lakh. Tax savings largely for people earning about 5-10L annually. Minimal impact for people in the higher tax slabs or earning say 15L+ etc. They still save about 3K annual for the savings on tax on 10K increase in standard deduction […]

February 1, 2017 General admin

Highlights of Union Budget 2017 – 2018

Highlights of Union Budget 2017 – 2018 GST – No changes in service tax & excise duty as GST draft will be launching soon Fiscal Deficit – Seen at 3.2% (17-18) & 3% (18-19) Current Account Deficit – 0.3% (16-17) 1st Half FDI Investments – 1.45 Lakh Crores (16-17) 1st Half Direct Tax – Tax […]

February 29, 2016 Economics, General admin

Union Budget 2016 Highlights !!!!

Union Budget 2016 Highlights !!!! 1. Rs. 35984 crores allotted for agriculture sector.2. Rs. 17000 crores for irrigation projects. 3. Two new Organic farming scheme for 5 lakh acres. 4. Rs. 19000 crores for Gram Sadak Yojana 5. Rs. 9 Lakh Crores Agriculture Credit Target. 6. Rs. 38500 crores for MANREGA, highest ever. 7. Rs. […]

February 28, 2015 Market Update admin

Highlights of Union Budget 2015-16

Following are the Highlights of the Union Budget 2015-16. You may read the key features of the budget here. . Taxation: Abolition of Wealth Tax. Additional 2% surcharge for the super rich with income of over Rs. 1 crore. Rate of corporate tax to be reduced to 25% over next four years. Total exemption of up […]

February 27, 2015 Market Update admin

Highlights of the Railway Budget for 2015-16

Highlights of Railway Budget for 2015-16 Following are highlights of the Railway Budget for 2015-16 FARES, FREIGHT * Emphasis on gauge conversion over next 5 yrs * Must run fast trains like Rajdhani, Shatabdi * To up track length by 20% to 138,000 km next 5 years * Must substantially regain freight mkt share * […]

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