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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.

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Free Income Tax calculator for calculating tax for 2016-17.

Finance Minister - Controlling inflation is highest priority for the Government

Finance Minister Pranabh Mukherjee has indicated that controlling inflation is the highest priority for the Government. While answering questions from MPs in the Parliament, Mr. Mukherjee said "Government is monitoring the price situation on regular basis"

Previously the government had indicated its willingness to import essential commodities in order to contain the price rise.

The Indian food prices have touched a ten-year high.

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Pranabh Mukherjee will continue as Finance minister

Rashtrapati Bhawan announced the portfolios on Saturday and it is now confirmed that Pranabh Mukherjee would continue as Minister of Finance under the Manmohan Singh government.

Mukherjee was the Finance minister under the previous UPA government and presented the interim budget for the outgoing government. He was also the Finance Minister between 1982 and 1984.

His first priority after assuming office would be to present the Union budget.

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