Budget 2019 Highlights – Budget India

Budget 2019, Budget 2019 highlights


NDA Government announce thier last budget before going to election 2019. I am summaries some major Highlights of Budget 2019.

  • IT Returns processing in Just 24 Hours.
  • Tax assessment ill be done electronically, Within 2 years.
  • Minimum 14% revenue of GST to states by Central Govt.
  • Recommendations to GST council for reducing GST rates for home buyers.
  • Custom duty has abolished from 36 Capital Goods.
  • *Full Tax rebate upto 5 lakh annual income after all deductions. ( 5% Tax applicable – Now tax rebate value upto Rs. 12500/- ).
  • Standard deduction has increase from 40K to 50K.
  • Ceiling Limit of TDS u/s 194I has increased from 1.8Lakh to 2.4Lakh.
  • Ceiling Limit of TDS u/s 194A has increased from 10K to 40K.
  • Benefit u/s 80IB has increased to one more year i.e. 2020.
  • Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
  • Benefit has given to unsold inventory has increased to one year to two years.
  • Exempt on tax on second self-occupied house.
  • 60000 crores allocated for MANREGA.
  • 22nd AIIMS has to be opened in Haryana.
  • Approval has to be given to PM Kisan Yojana.
  • Rs. 6000 p.a has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments directly into bank account.
  • PCA restriction has abolished from 3 major banks.( Bank of India, Bank of Maharastra & Oriental Bank of Commerce ).
  • 2 lakhs seats will increase for the reservation of 10%.
  • Tax free Gratuity limit increase from 10 Lakhs to 20 Lakhs.
  • Bonus will be applicable for workers earning upto 21000 monthly.
  • 2% interest subvention to farmers pursuing animal husbandry and fisheries.
  • Rs 1.7 lakh crore to ensure food for all.
  • Under Scheme ‘Pradhan Mantri Shram Yogi Mandhan’will provide assured monthly Pension of Rs. 3000/- with contribution of Rs 100/- per month for workers in unorganized sector after 60 years of age
  • 26 weeks of Maternity Leaves to empower the women.
  • Defence budget increase to 3Lakh Crore.
  • One lakh digital villages in next 5 years.
  • 2% interest relief for MSME GST registered person.
  • National kamdhenu ayog for cows. Rs 750 crore for National Gokul Mission.


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About Tarun Dey

I am the owner and chief editor at Technotd.com, Graduate in Information Technology residing in Bhopal the city of lakes (M.P.), I believe to learn and teach others

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