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eStartIndia
/estartindia /estartindia /estartindia /estartindia /estartindia
Pradhan Mantri Kisan Samman Nidhi announced to provide assured income support
to small and marginal farmers
Vulnerable landholding farmers having cultivable land up to 2 hectares to be provided
direct income support of Rs. 6000 per year
Around 12 Crore small and marginal farmer families are expected to benefit
Pradhan Mantri Kisan Samman Nidhi
/estartindia /estartindia /estartindia /estartindia /estartindia
Direct Tax Benefits
/estartindia /estartindia /estartindia /estartindia /estartindia
 Standard deduction raised to 40,000 to 50,000
 Full tax rebate for income up to Rs. 5 lakh
 TDS on bank/post office deposit is increase 10,000 to 4,0000
 Exemption of tax on second self occupied house
 TDS threshold for deduction of tax on rent to be increased from Rs. 1,80,000
to 2,40,000
 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.
No tax exemption of income upto 5 Lakhs has been provided. It is applicable
only when income does not exceed Rs. 5 Lakhs. So it will not be applicable on
those whose income is above Rs. 5 lakhs.- Also, the change is not made in tax
structure but in rebate of section 87A- Slab has not been changed. Still
continues to be from Rs. 2.5 Lakhs to 5 Lakhs.- Earlier Rebate of Rs. 2500 for
income up to 3.5 Lakhs was allowed. Now it has been increased to Rs. 12500
for income upto 5 Rs. Lakhs.
0 to 5
lakhs Nill
5 to 10
lakhs 20%
Above 10
lakhs 30%
Tax Rate Slab has not been changed
/estartindia /estartindia /estartindia /estartindia /estartindia
 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.
 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.
Other schemes & Benefits
/estartindia /estartindia /estartindia /estartindia /estartindia
 Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs.
 Bonus will be applicable for workers earning 21000 monthly.
 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 defense.
 One lakh digital villages in next 5 years.
 Single window for approval of India film maker
Other schemes & Benefits
/estartindia /estartindia /estartindia /estartindia /estartindia
Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh
Crore this year
80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore
Within the next 2 years, almost all verification and assessment of returns selected for
scrutiny to be done electronically
SIMPLIFICATION OF DIRECT TAX SYSTEM
/estartindia /estartindia /estartindia /estartindia /estartindia
A snapshot of Budget 2019: the key numbers
INTERIM BUDGET
2019-20
/estartindia /estartindia /estartindia /estartindia /estartindia
HARNESSING YUVA SHAKTI
OVER 1 CRORE YOUTH BEING TRAINED THROUGH PRADHAN MANTRI KAUSHAL
VIKAS YOJANA , INDIA HAS BECOME WORLD ‘S SECOND LARGEST START-UP HUB
/estartindia /estartindia /estartindia /estartindia /estartindia
Budget 2019 in numbers:
• Fiscal deficit - 3.4%
• Revenue deficit - 2.2%
2017-18 (Actuals)
2018-19 (BE)
2018-19 (RE)
2019-20 (BE)
/estartindia /estartindia /estartindia /estartindia /estartindia
CONNECTING NORTH EAST
21 % increase in allocation for North East to Rs. 58,166 crores
/estartindia /estartindia /estartindia /estartindia /estartindia
Highest Ever Growth Of 42% Recorded in Minimum
Wages of Labors during last 5 years
PRADHAN MANTRI SHRAM YOGI MAANDHAN
/estartindia /estartindia /estartindia /estartindia /estartindia
India now 6th largest economy in the world with
high growth
Fiscal deficit down to 3.4%; average inflation 4.6%
FDI of USD 239 BN in five years
Banks recover Rs 3 Lakh Crores in outstanding loans
GROWING ECONOMY STRONG FUNDAMENTALS
/estartindia /estartindia /estartindia /estartindia /estartindia
Thank
You
E a s y , q u i c k & a f f o r d a b l e
eStartIndia

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INTERIM BUDGET 2019

  • 2. Pradhan Mantri Kisan Samman Nidhi announced to provide assured income support to small and marginal farmers Vulnerable landholding farmers having cultivable land up to 2 hectares to be provided direct income support of Rs. 6000 per year Around 12 Crore small and marginal farmer families are expected to benefit Pradhan Mantri Kisan Samman Nidhi /estartindia /estartindia /estartindia /estartindia /estartindia
  • 3. Direct Tax Benefits /estartindia /estartindia /estartindia /estartindia /estartindia  Standard deduction raised to 40,000 to 50,000  Full tax rebate for income up to Rs. 5 lakh  TDS on bank/post office deposit is increase 10,000 to 4,0000  Exemption of tax on second self occupied house  TDS threshold for deduction of tax on rent to be increased from Rs. 1,80,000 to 2,40,000  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.
  • 4. No tax exemption of income upto 5 Lakhs has been provided. It is applicable only when income does not exceed Rs. 5 Lakhs. So it will not be applicable on those whose income is above Rs. 5 lakhs.- Also, the change is not made in tax structure but in rebate of section 87A- Slab has not been changed. Still continues to be from Rs. 2.5 Lakhs to 5 Lakhs.- Earlier Rebate of Rs. 2500 for income up to 3.5 Lakhs was allowed. Now it has been increased to Rs. 12500 for income upto 5 Rs. Lakhs. 0 to 5 lakhs Nill 5 to 10 lakhs 20% Above 10 lakhs 30% Tax Rate Slab has not been changed /estartindia /estartindia /estartindia /estartindia /estartindia
  • 5.  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.  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. Other schemes & Benefits /estartindia /estartindia /estartindia /estartindia /estartindia
  • 6.  Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs.  Bonus will be applicable for workers earning 21000 monthly.  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 defense.  One lakh digital villages in next 5 years.  Single window for approval of India film maker Other schemes & Benefits /estartindia /estartindia /estartindia /estartindia /estartindia
  • 7. Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh Crore this year 80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore Within the next 2 years, almost all verification and assessment of returns selected for scrutiny to be done electronically SIMPLIFICATION OF DIRECT TAX SYSTEM /estartindia /estartindia /estartindia /estartindia /estartindia
  • 8. A snapshot of Budget 2019: the key numbers INTERIM BUDGET 2019-20 /estartindia /estartindia /estartindia /estartindia /estartindia
  • 9. HARNESSING YUVA SHAKTI OVER 1 CRORE YOUTH BEING TRAINED THROUGH PRADHAN MANTRI KAUSHAL VIKAS YOJANA , INDIA HAS BECOME WORLD ‘S SECOND LARGEST START-UP HUB /estartindia /estartindia /estartindia /estartindia /estartindia
  • 10. Budget 2019 in numbers: • Fiscal deficit - 3.4% • Revenue deficit - 2.2% 2017-18 (Actuals) 2018-19 (BE) 2018-19 (RE) 2019-20 (BE) /estartindia /estartindia /estartindia /estartindia /estartindia
  • 11. CONNECTING NORTH EAST 21 % increase in allocation for North East to Rs. 58,166 crores /estartindia /estartindia /estartindia /estartindia /estartindia
  • 12. Highest Ever Growth Of 42% Recorded in Minimum Wages of Labors during last 5 years PRADHAN MANTRI SHRAM YOGI MAANDHAN /estartindia /estartindia /estartindia /estartindia /estartindia
  • 13. India now 6th largest economy in the world with high growth Fiscal deficit down to 3.4%; average inflation 4.6% FDI of USD 239 BN in five years Banks recover Rs 3 Lakh Crores in outstanding loans GROWING ECONOMY STRONG FUNDAMENTALS /estartindia /estartindia /estartindia /estartindia /estartindia
  • 14. Thank You E a s y , q u i c k & a f f o r d a b l e eStartIndia