Highlights of Union Budget 2015

Union Budget 2015 Key features:

Highlights of Union Budget 2015



Highlights of Union Budget 2015


The highlights, key features and its analysis of the union budget 2015-16 financial year is given below. You can download the pdf along with the summary provided.

The following is the clear picture of the Union Budget 2015-16 (FY15) presented by the Finance Minister Arun Jaitley in the Parliament on 28th February 2015.



Budget Estimates 2015-16:


Revenue Receipts         11,41,575 crore

Capital Receipts            6,35,902 crore

Total Receipts        =       17,77,477 Crores


Non-Plan expenditure       13,12,200 crores

Plan Expenditure                4,65,277 crores

Total Expenditure      =      17,77,477 cores


What became Cheaper and Costlier?

           Cheaper            Costlier
Camera Imported Car
Microwave oven, LED Lights Cigarettes
Solar water heater Liquor
Footwear Plastic bags
LED,LCD Tvs ; Locally-made Tablets Lottery, Music concerts


Allocations and Key features:


  • IIMs for Jammu and Kashmir, Andhra Pradesh
  • A post-graduate institute of Horticulture Research & Education is to be set up in Amristar.
  • Kerala to have University of Disabled studies
  • GDP growth in 2015-16 projected at between 8 and 8.5%
  • 9% – Fiscal deficit target for 2015-16 as against 4.1% in 2014-15
  • Corporate tax rate to be reduced from 30% to 25% over the next 4 years.
  • 2% Additional surcharge to be levied on income above Rs.1 Crore; Wealth tax scrapped.
  • Implementation of GAAR deferred by two years
  • 70,000 crore increase in infrastructure investment in 2015-16
  • National investment and Infrastructure Fund to setup.
  • MUDRA Bank with a corpus of Rs.20,000 crore to refinance micro-finance institutions.
  • 6,335 crore transferred as direct subsidy to 11.5 Crore LPG consumers.
  • Allocation of Rs. 34,699 crore to MG NERGS
  • No changes in personal tax rates or income slabs
  • Transport allowance exemption doubled to Rs.1,600
  • Disability deduction u/s 80U raised to 75,000
  • Deduction for pension up from 1 lakh to Rs. 1.5 lakh
  • 2 lakh accident cover at Rs.12 p.a premium.


Where did the RUPEE Go and COME from?

How it Comes:

Union excise duties  10%

Service tax and other taxes 9%

Non-tax revenue 10%

Non-dept capital receipts 4%

Income tax 14%

Customs 9%

Corporate tax 20%

Borrowings and liabilities 24%


How it Goes:

Central Plans 11%

Defence 11%

Intreset payments 20%

Non-plan assistance to states and UTs 5%

Other non-plan expenditure 11%

Plan assistance to states and UTs 9%

States share of Central taxes 23%

Subsidies 10%



For more info: Download the Union budget PDF by clicking the links:

Union Budget: Voulme 1

Union Budget: Volume 2



(Source: The Hindu, Indiabudget and Wiki.)


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