” Indian budget for 2019 presented by Piyush Goyal on 1st of Feb, here is the full list of major announcement and scheme by him “
- Within 2 years, Tax assessment will be done electronically
- IT returns processing in just 24 hours
- Minimum 14% revenue of GST to states by Central Govt.
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Custom duty has abolished from 36 Capital Goods - Recommendations to GST council for reducing GST rates for home buyers
- *Full Tax rebate
upto 5 lakh annual income after all deductions.* - Standard deduction has
increase from 40000 to 50000 - Exempt on tax on second self-occupied house
- Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
- Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
- Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
- Benefit u/s 80IB has increased to one more year i.e. 2020
- Benefit has given to unsold inventory has increased to one year to two years.
- State share has increased to 42%
- PCA restriction has abolished from 3 major banks
- 2 lakhs seats will increase for the reservation of 10%
- 60000 crores for
manrega - 1.7 Lakh crore to ensure food for all
- 22nd AIIMS has to be opened in Haryana
- Approval has to be given to PM Kisan Yojana
- Rs. 6000 per annum has to be given to every farmer having
upto 2 . Applicable from Sept 2018.hectare landAmount will be transferred in 3 installments - National
kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission - 2% interest subvention for farmers pursuing animal husbandry and also create
separate department for fisheries. - 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
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Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs -
Bonus will be applicablefor workers earning 21000 monthly - The scheme, called Pradhan Mantri Shram Yogi Mandhan, will
provide assured monthly pension of Rs. 3,000 withcontribution of Rs. 100per month for workers inunorganized sector after 60 years of age. - Our government delivered 6 crores free LPG connections under Ujjawala scheme
- 2% interest relief for MSME GST registered
person - 26 weeks of Maternity Leaves to empower the women
- More than 3 Lakhs crores for
defence - One lakh digital villages in next 5 years
- Single window for approval of India film makers..