Main key points of budget2019
Today the Modi government presented the interim budget for
the year 2019. The budget was presented by the Piyush Goyal who is the railway
minister but has been given additional charge of Finance Ministry. Here are the
few key features of today’s interim budget of Modi govt.
Ø
Small and marginal farmers will get assured
income of Rs. 6,000 per year.
Ø
Government is looking forward to allocate Rs.
60,000 crores for a MNREGA scheme.
Ø
Government increases budget for defence to over
Rs. 3 lakhs crore.
Ø
Benefits has been provided to the affordable
house buyers.
Ø
No TDS on interest gained from bank deposits till
Rs. 40,000 which was earlier Rs. 10,000.
Ø
The tax free gratuity is increased to Rs. 30
lakhs from Rs. 10 lakhs
Ø
2% interest relief for the MSME GST registered
persons
Ø
Rs. 3000 per year pension for the worker of unorganized
sectors.
Ø
TDS threshold on the rental income has been
increased to Rs. 2,40,000 from Rs. 1,80,000.
Ø
Standard deductions has been increased to Rs.
50,000 from Rs. 40,000.
source:internet(various web sites)
image source: google
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