presentation about intrim budget

2. Anupam Bhadoriya
Anshul Sharma
Gaurav tomar
Nidhi Sengar
Shikha Dixit
Himanshu Malik
Sanchita varshney

3. TAXTION
AGRICULTURE
ENTERTAINMENT
UNORGANIZED
SECTOR
EDUCATION

4. TRANSPORT
POOR AND
BACKWARD
RAILWAY

6.  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.
 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.*

7.  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

10.  Approval has to be given to PM Kisan Yojana
 Rs. 6000 per annum has to be given to every
farmer having upto 2 hectare land. Applicable from
Sept 2018. Amount will be transferred in 3
installments.
 National kamdhenu ayog for cows. Rs. 750 crores
for National Gokul Mission.
 2% interest grant 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.

13.  He also announced that the government will
introduce anti camcording provision in the
Cinematograph Act to control the menace of
piracy.
 12% GST on Entertainment .

15.  Tax free Gratuity limit increase to 20 Lakhs
from 10 Lakhs.
 Bonus will be applicable for workers earning
21000 monthly.
 The scheme, called Pradhan Mantri Shram
Yogi Mandhan, will provide assured monthly
pension of Rs. 3,000 with contribution of Rs.
100 per month for workers in unorganized
sector after 60 years of age.
 2% interest relief for MSME GST registered
person.

17.  MHRD has been allocated budget of Rs.
93,848 crore for the year 2019-20
which is 12%more then the 2018-19.
 10%reservation for ews
 Finance Minister has announced that the
22nd AIIMS will be set up in Haryana.
 Allocation for Higher Education Financing
Agency (HEFA) has been reduced to Rs.
2,100 crores from Rs. 2,750 crores in 2018-
19.

18.  In educational institution around 25% extra
seats (approximate 2lakh) will be provided.

20.  19000 crore for building rural roads for FY 2020 under
PMGSY.
 Government will introduce container cargo movement to
the NorthEast, by improving the navigation capacity of the
Brahmaputra River.
 The flagship programme of Sagarmala along the coastal
areas of the country will develop ports
 Under the ‘UDAAN Scheme’, the number of operational
airports has crossed 100 with the commissioning of the
Pakyong airport in Sikkim.
 Projects stuck for decades like the Eastern Peripheral
Highway around Delhi or the Bogibeel rail-cum-road bridge
in Assam and Arunachal Pradesh have been completed.

21. POOR AND BACKWARD
CLASSES

22.  “First right on the resources of country is that
of the poor”: FM
 25% additional seats in educational
institutions to meet the 10% reservation for
the poor
 Targeted expenditure to bridge urban-rural
divide & to improve quality of life in villages 3
 All willing households to be provided
electricity connections by March 2019

24.  Capital support of Rs.64,587 crore proposed
in 2019-20 (BE) from the budget.
 Overall capital expenditure programme to be
of Rs. 1,58,658 crore.
 Operating Ratio expected to improve from
98.4% in 2017-18 to 96.2% in 2018-19 (RE)
and to 95% in 2019- 20 (BE).

26. Interim budget with mega announcements for
middle class, rural citizens, farmers and
unorganized sector workers. Keeping an eye
on the Lok Sabah polls, government made a
slew of announcement to keep everybody
happy with tax sops for salaried class, direct
income for farmers and other social sector
schemes.