Budget 2015-16

2015-16 Budget Proposes Tax Rate Adjustments, New Incentives for Investment, and Measures to Combat Tax Evasion. The 2015-16 budget outlines several tax proposals aimed at economic growth and fiscal stability. Key measures include adjustments in tax rates, introduction of new tax incentives to boost investment, and efforts to streamline the tax administration process. The budget also emphasizes enhancing compliance and reducing tax evasion through stricter enforcement. Additionally, there are proposals to support small businesses and encourage entrepreneurship. The budget aims to balance revenue generation with economic stimulation by providing targeted relief to certain sectors while ensuring a broad tax base. (AI Summary)