India Union Budget 2014

The finance minister, Mr. Arun Jaitley, presented his first Union Budget on 10 July, 2014. In his speech, Mr. Jaitley said that the government shall leave no stone unturned in creating a vibrant India. He has set himself a daunting task to maintain FY15 fiscal deficit target at 4.1%.

The Honourable Finance Minister highlighted that the budget is the most comprehensive action plan, which lay down broad policy indicators of the direction in which one wishes to take the country. With this budget, India will begin its journey towards a sustained growth
of 7-8 per cent or above within the next 3-4 years, lower levels of inflation, lesser fiscal deficit and a manageable current account deficit.

Click to download the tax proposals in the 2014 budget.