KEY HIGH LIGHT OF UNION BUDGET OF 2019-2020 DETAILS PDF
WHAT IS KEY HIGH LIGHT OF UNION BUDGET OF 2019-2020 DETAILS PDF
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KEY HIGH LIGHT OF UNION BUDGET OF 2019-2020 DETAILS PDF
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Current account deficit (CAD) possible to be two.5 per cent of GDP
Fiscal deficit brought all the way down to three.4% in FY19.
Inflation in Gregorian calendar month two018 all the way down to 2.19%
Capital expenditure for FY20 set at Rs three.36 large integer large integer
Expenditure target for FY20 set at Rs twenty-seven.84 large integer large integer
Tax
Full tax rebate for Individual taxpayers with the financial gain up to Rs five large integer
No Tax in creating investment in provident funds and prescribed equities for individuals with the gross financial gain up to vi.5 lakh
All taxation returns can currently be processed in twenty-four hours and refunds are going to be issued at the same time.
Within the next two years, all assessment of returns to be done electronically
TDS threshold on income raised from Rs. 1.8 large integer to Rs. 2.4 lakh
TDS threshold on interest on the bank, post workplace deposit raised to forty,000
Standard deduction raised from Rs forty,000 to Rs fifty,000
No tax on notional rent on a second self-occupied house
Capital Gains exemption beneath Section fifty-four are going to be on the market on 2 house properties
The benefits beneath Sec eighty (i) BA being extended for an additional year, for all housing comes approved until the finish of 2019-20.
GST
Most things of daily use beneath 0-5% tax block
Businesses with less than₹ five large integer annual turnover, comprising over ninetieth of GST payers, are going to be allowed to come back quarterly returns
Mega Pension theme
Government launches Mega Pension theme, Pradhan Mantri Shram Yogi Mandhan, for social insurance coverage of unorganised labour. The Unorganised labour can get ₹3,000 per month once the age of sixty Pensioners can have to be compelled to contribute Rs one hundred per month and also the Government can contribute equally in pension accounts beneath this theme.
Farmers
Farmers severely laid low with severe natural calamities to induce two per cent interest subvention and extra threep.c interest subvention if loans area unit repaid in time
Two p.c interest grant to lean to farmers concerned in husbandry activities through Kisaan MasterCard theme.
Govt to make the separate department of fisheries
2% interest subvention for husbandry & fisheries farmers
PM Kisan Samman Nidhi:₹75,000 large integer of fund allocation. Farmers owing two hectares land can get Rs vi,000 p.a. – to be transferred annually in 3 instalments
For employees
Employees’ State Insurance eligibility cowl limit has been raised to₹21,000 per month from ₹15,000 per month
Workers that suffer grievous injuries can receive₹6 large integer from ₹ five large integer through workerProvident Fund Organisation (EPFO)
Gratuity limit inflated from₹10 large integer to ₹ thirty large integer
MNREGA
₹60,000 large integer allotted to MNREGA
MSME
GST registered MSME units to induce two per cent interest subvention on loan of Rs one large integer
Education
₹38,572 large integer allotted for the National Education Mission
Society
Rs 76,800 large integer allotted for the welfare of Scheduled Castes (SCs) and Scheduled Tribes (STs)
A centre can implement the special strategy for the uplift of nomadic tribes
1 large integer digital villages to be originated shortly
Allocation for North jap states will increase to the twenty-first, amounting to Rs fifty-eight,166 crores.
Sanction of fifteen.56 large integer loans amounting Rs seven.23 large integer beneath the gesture there.
Economically weak given 100 per cent quota
Pradhan Mantri Gram Sadak Yojana
₹19000 large integer allotted for Gram Sadak Yojana
WHAT IS KEY HIGH LIGHT OF UNION BUDGET OF 2019-2020 DETAILS PDF
Railways
Capital expenditure raised to Rs sixty-four,586 large integers in FY20 from Rs fifty-three,060 large integer in FY19
Defence
Defence Budget increases to over Rs three large integer for the twelvemonth 2019-20
Rashtriya Gokul Yojana for the defence of cows
₹750 large integer allotted beneath Rashtriya Gokul Yojana for the defence of cows.
‘Rashtriya Kamdhenu Aayog‘ to be originated for implementation of policies and schemes for the welfare of cows.
PM Ujjwala Yojana
Total of eight large integer LPG affiliation to be distributed by next year
Medical
AnotherAll Bharat Institutes of Medical Sciences (AIIMS) to be originated in Haryana (this would be the twenty-second AIIMS within the country)
For Filmmakers
Single window clearance to be created on the market for film-makers to ease the shooting of films. In order to combat film piracy, Anti-camcording provision to be introduced to photography Act.
Artificial Intelligence
National Centre for computing into account. Nationale portal to be developed shortly.
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