Analysis of Budget 2016 in School of Management

Students of School of Management creating the NEWSBOX
March 3, 2016
School of Management Class Activity: Open the Johari window
March 3, 2016

Date: 2nd March 2016

Venue: School of Management (A-Block)

Time: 2.30-3.30 pm

Finance club organised a group discussion on the topic, “Analysis of Budget 2016. The participants were students from BBA Semester 2. Lot of points were discussed and it was a very informative and critical discussion. Some of the points discussed about the budget are as follows:

  • No change in Tax Slabs
  • Lowering of Corporate IT rate for companies not exceeding Rs. 5 crore turnover to 25% plus surcharge.
  • Ceiling under 87A to be increased to Rs. 3,000.
  • HRA deduction up from Rs. 24,000 to Rs. 60,000 p.a.
  • Rs. 100 crore for Deendayal Upadhyay’s birthday celebrations and Guru Gobind Singh 300th birth anniversary.
  • Classification of expenditure as plan and non-plan to be done away with.
  • FIscal deficit at 3.5% of GDP in 2016-17.
  • A bill on targeted delivery of financial services using Aadhar to be introduced.

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