* On which date Union Budget 2015-16 was presented in Parliament? - 28 February 2015
** Name the Union Finance Minister who presented the Union Budget 2015-16 in Parliament? - Arun Jaitley
** 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
** Health Insurance Premium deduction hiked from Rs. 15,000 to? - Rs. 25,000 (for senior citizens to Rs. 30,000)
** Transport allowance exemption hiked to Rs. 1,600, from ____ per month? - Rs. 800
** PAN card is must for all purchase above ____ rupees as proposed in Budget 2015-16? - Rs. 1 lakh
** An additional ___% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16? - 2%
** Wht change was made in the Wealth tax? - Wealth tax abolished
** DTC was dropped in the Budget 2015-16. Expand DTC? - Direct Taxes Code
** Corporate tax to be reduced from 30% to ___ over next four years? - 25%
** Mudra banks to be established with capital of Rs.___ crore? - 20000
** Rs. ____ deduction for contribution to New Pension Scheme? - Rs. 50,000
** GAAR implementation deferred by 2 years to? - April 2017
** Service Tax rate hiked to ___% from 12.36%? - 14%
** Tax free bonds were proposed in budget for? - Roads, railways, irrigation projects
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