{"id":1209,"date":"2019-02-02T09:29:17","date_gmt":"2019-02-02T03:59:17","guid":{"rendered":"http:\/\/www.parinitasharma.com\/?p=1209"},"modified":"2019-06-06T22:55:13","modified_gmt":"2019-06-06T17:25:13","slug":"highlights-of-budget-2019","status":"publish","type":"post","link":"https:\/\/www.parinitasharma.com\/blog\/highlights-of-budget-2019\/","title":{"rendered":"Highlights of Budget 2019"},"content":{"rendered":"
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Budget 2019<\/figcaption><\/figure>\n

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    \n
  1. CAD seen at 2.5%<\/span><\/li>\n
  2. Fiscal Deficit seen at 3.4% vs target 3.3%. Next year. target at 3.4%<\/span><\/li>\n
  3. Expenditure Target at 27.84 lakh crores<\/span><\/li>\n
  4. Capital Expenditure at 3.36 lakh crores<\/span><\/li>\n
  5. Rs.38572 crs for Education<\/span><\/li>\n
  6. Rs.76800 for Welfare of SC\/ST<\/span><\/li>\n
  7. Confident on reaching the target of Rs.80000 cr Disinvestments\u00a0<\/span><\/li>\n
  8. MNREGA allocation Rs.60000 crs<\/span><\/li>\n
  9. 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<\/span><\/li>\n
  10. Defence Budget 3 lakh crores<\/span><\/li>\n
  11. Sadak Yojna Rs.19000 crs<\/span><\/li>\n
  12. Railways allocated Rs.64587cr<\/span><\/li>\n
  13. Mobile Data usage has increases 50X in last 5 yrs<\/span><\/li>\n
  14. Farmes welfare allocation Rs.20000 crs this year<\/span><\/li>\n
  15. Single Window clearanc for Domestic film makers too<\/span><\/li>\n
  16. GST collection increases from 89000 cr p.m. to 97100 cr p.m. in Jan 19 collection may cross 1 lac cr<\/span><\/li>\n<\/ol>\n

    Direct Tax:<\/span><\/h2>\n
      \n
    1. Collection of Direct Tax at 12 lakh crores from 6.38 lakh crores in 2014<\/span><\/li>\n
    2. IT filer increases from 3.79 crs in 2014 to 6.85 crs<\/span><\/li>\n
    3. Changes in Income Tax slabs<\/span><\/li>\n
    4. Income Upto 5 lakh \u2013 NIL Tax<\/span><\/li>\n
    5. Standard deduction increases from Rs.40000 to Rs.50000<\/span><\/li>\n
    6. Up to Rs.40000 p.a. interest of post office and Bank no TDS<\/span><\/li>\n
    7. House Rent Up to Rs.2.4 lac p.a. no TDS<\/span><\/li>\n
    8. Capital Gain Exemption under sec 54 increases to 2 crs<\/span><\/li>\n
    9. Income Tax on Unsold house notional Rent extension Up to 2 yrs<\/span><\/li>\n
    10. No changes in 80C 1.5 lakh limit<\/span><\/li>\n<\/ol>\n
      <\/div>\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\u00a0 MNREGA allocation Rs.60000 crs Small Farmers ( […]<\/p>\n

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