Highlights of Union Budget 2015

Here are the highlights of Jaitley's Budget for the fiscal year that begins on April 1. TAXATION * To abolish wealth tax * Replaces wealth tax with additional 2% surcharge on super rich * Proposes to cut to 25 percent corporate tax over next four years * Corporate tax of 30 percent is uncompetitive * Net gain from tax proposals seen at Rs 150.68 billion * Jaitley proposes modification of

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