Tag Archives: budget

A budget is a statement showing the projected income and estimated expenditure for a specified period. The one our Finance Minister is presenting on 1st February is the Budget of the Union Government for the year starting on 1st April 2021 to 31st March 2022. What can we expect from …

Basic exemption limit is increased from Rs.2 Lakhs to Rs.2.50 Lakhs What it means to you? Your annual taxes will be lesser by Rs. 5,150 i.e, monthly take home salary will go up by Rs.400. In case of senior citizens, the basic limit is increased to Rs.3 Lakhs. Investment deductible …

For your company, you will have Finance & Accounts (F&A) department. For Government of India (GOI), who will look after the accounts? Controller General of Accounts maintains the accounts of the GOI. It is headed by a Chief Controller of Accounts (CCA). The Principal Accounts Officers (PAO) at head office …

The word Budget is derived from French, which means purse.  What is budget? It is an estimate of income and expenditure for a set period of time. If you do it for yourself (estimating your income and expenditure) it can be called as ‘Personal budget’ and if it done for …