{"id":1204,"date":"2019-02-02T01:34:42","date_gmt":"2019-02-01T20:04:42","guid":{"rendered":"http:\/\/www.parinitasharma.com\/?p=1204"},"modified":"2020-09-13T20:33:09","modified_gmt":"2020-09-13T15:03:09","slug":"highlights-of-interim-budget-2019","status":"publish","type":"post","link":"https:\/\/www.parinitasharma.com\/blog\/highlights-of-interim-budget-2019\/","title":{"rendered":"Highlights of Interim Budget 2019"},"content":{"rendered":"

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*CAD seen at 2.5%<\/p>\n

* Fiscal Deficit seen at 3.4% vs target 3.3%. Next year. target at 3.4%<\/p>\n

* Expenditure Target at 27.84 lakh crores<\/p>\n

* Capital Expenditure at 3.36 lakh crores<\/p>\n

* Rs.38572 crs for Education<\/p>\n

* Rs.76800 for Welfare of SC\/ST<\/p>\n

* Confident on reaching the target of Rs.80000 cr Disinvestments<\/p>\n

* MNREGA allocation Rs.60000 crs<\/p>\n

* Small Farmers ( less then 2 hectares land ) will get Rs.6000 p.a. as direct benefit from Centre. Which will benefit 12 cr small land farmers<\/p>\n

* Defence Budget 3 lakh crores<\/p>\n

* Sadak Yojna Rs.19000 crs<\/p>\n

* Railways allocated Rs.64587cr<\/p>\n

* Mobile Data usage has increases 50X in last 5 yrs<\/p>\n

* Farmes welfare allocation Rs.20000 crs this year<\/p>\n

* Single Window clearanc for Domestic film makers too<\/p>\n

* GST collection increases from 89000 cr p.m. to 97100 cr p.m. in Jan 19 collection may cross 1 lac cr<\/p>\n

Direct Tax<\/p>\n

\u2013 Collection of Direct Tax at 12 lakh crores from 6.38 lakh crores in 2014<\/p>\n

\u2013 IT filer increases from 3.79 crs in 2014 to 6.85 crs<\/p>\n

Changes in Income Tax slabs
\n\u2013 Income Upto 5 lakh \u2013 NIL Tax<\/p>\n

\u2013 Standard deduction increases from Rs.40000 to Rs.50000<\/p>\n

\u2013 Up to Rs.40000 p.a. interest of post office and Bank no TDS<\/p>\n

\u2013 House Rent Up to Rs.2.4 lac p.a. no TDS<\/p>\n

\u2013 Capital Gain Exemption under sec 54 increases to 2 crs<\/p>\n

\u2013 Income Tax on Unsold house notional Rent extension Up to 2 yrs<\/p>\n

\u2013 No changes in 80C 1.5 lakh limit<\/p>\n","protected":false},"excerpt":{"rendered":"

  *CAD seen at 2.5% * Fiscal Deficit seen at 3.4% vs target 3.3%. Next year. target at 3.4% * Expenditure Target at 27.84 lakh crores * Capital Expenditure at 3.36 lakh crores * Rs.38572 crs for Education * Rs.76800 for Welfare of SC\/ST * Confident on reaching the target of Rs.80000 cr Disinvestments * […]<\/p>\n

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