Union Budget 2015: No change in income tax slab; Corporate Tax reduced

Finance Minister Arun Jaitley on Saturday proposed no changes in personal income-tax rates for 2015-16.Jaitley also announced a 5 percent reduction in corporate tax over next four years, abolished wealth tax and replaced it with an additional 2 percent surcharge on super-rich individuals, while increasing service tax that will result in higher cost of variety of services.

Feb 28, 2015, 16:44 PM IST