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BUDGET 2016-2017 Special

Latest Updates -
-The latest income tax slabs for 2016-2017 can be found here - Income tax slabs 2016-17.

-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here
Free Income Tax calculator for calculating tax for 2016-17.

RBI hikes rates by 50 basis points

To tame the ever rising inflation, the Reserve Bank of India (RBI) has again increased the repo rate by 50 basis points. The new repo rate is 8 percent. The repo rate is the rate at which the central bank lends money to other banks.

With this 11th interest rate hike in the last 15 months, RBI is making it clear that it is taking the rising inflation very seriously.

The increase in repo rate is expected to affect auto loans, home loans, personal loans and other borrowings. The loans are now going to cost more.

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