Big Story

Growth, jobs and simple tax regime: FM Jaitley's 2015 budget paves way for road to prosperity
Finance minister Arun Jaitley made most services and some goods costlier and stopped short of putting more money in the hands of the salaried class by not raising the tax exemption limit. Instead, he allowed salary earners extra elbow room to save for their pensions by contributing up to Rs 50,000 a year with tax concessions and also raised the premia one can pay for health insurance with tax benefits.
  • Arun Jaitley

    Jaitley presents budget 2015-16

    President Pranab Mukherjee with finance minister Arun Jaitley and MoS Jayant Sinha at Rashtrapati Bhavan before presentation of the Union budget in Lok Sabha in ...

  • Sensex

    Jaitley presents budget 2015-16

    Sensex and Nifty rode a roller-coaster when the budget for 2015 was presented, and they ended the day higher. (PTI photo)

  • Union budget

    Jaitley presents budget 2015-16

    Farmers listen to the Union budget 2015-16 speech on radio at a village in South Dinajpur district of West Bengal. (PTI photo)

  • Union Budget

    Jaitley presents budget 2015-16

    Vegetable vendors listen to the Union budget 2015-16 speech on a radio set in Moradabad. (PTI photo)

  • Arun Jaitley

    Jaitley presents budget 2015-16

    Finance minister Arun Jaitley along with MoS finance Jayant Sinha addressed the post budget press conference in New Delhi. (PTI photo)

  • Arun Jaitley

    Jaitley presents budget 2015-16

    A bystander watches a digital screen showing finance minister Arun Jaitley delivering his Budget speech at Parliament in New Delhi. (AFP photo)

  • Union finance

    Jaitley presents budget 2015-16

    Union finance minister Arun Jaitley presenting the Union Budget 2015-16 at the Lok Sabha in New Delhi. (PTI photo)

  • Arun Jaitley car

    Jaitley presents budget 2015-16

    India will abolish wealth tax and replace it with an additional 2% surcharge on the country's super rich, finance minister Arun Jaitley said on Saturday, ...

  • Jaitley arrives

    Jaitley presents budget 2015-16

    Jaitley arrives at Parliament. This is Modi government's first full-fledged budget. (Mohd Zakir/HT Photo)

  • Arun Jaitley leaving office

    Jaitley presents budget 2015-16

    Finance minister Arun Jaitley holding budget papers and his MOS Jyant Sinha (R) with finance secretaries leaving his office for the Parliament.(Mohd Zakir/HT Photo)