1) On which date Union Budget 2015-16 was
presented in Parliament? - 28 February 2015
2) Name the Union Finance Minister who
presented the Union Budget 2015-16 in Parliament? - Arun Jaitley
3) Personal Income Tax limit was not
changed in Union Budget 2015-16. What is the present Personal I-T exemption
limit? - Rs 2.5 lakh
4) Health Insurance Premium deduction hiked
from Rs. 15,000 to? - Rs. 25,000 (for senior citizens to Rs. 30,000)
5) Transport allowance exemption hiked to
Rs. 1,600, from ____ per month? - Rs. 800
6) PAN card is must for all purchase above
____ rupees as proposed in Budget 2015-16? - Rs. 1 lakh
7) An additional ___% surcharge on people
earning over Rs. 1 cr was put forth in the budget 2015-16? - 2%
8) Wht change was made in the Wealth tax? -
Wealth tax abolished
9) DTC was dropped in the Budget 2015-16.
Expand DTC? - Direct Taxes Code
10) Corporate tax to be reduced from 30% to
___ over next four years? - 25%
11) Mudra banks to be established with
capital of Rs.___ crore? - 20000
12) Rs. ____ deduction for contribution to
New Pension Scheme? - Rs. 50,000
13) GAAR implementation deferred by 2 years
to? - April 2017
14) Service Tax rate hiked to ___% from
12.36%? - 14%
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