Top 10 Highlights of Budget 2019

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Top 10 Highlights of Budget 2019

myway2india.com presents the top 10 highlights of the Indian Budget 2019

 

1. No Income Tax for income of up to Rs.500000/- per year

2. Standard Deduction raised from Rs.40000 to Rs.50000

3. No TDS on house rent up to Rs.240000

4. TDS limit hiked from Rs.10000 to Rs.40000 on Post office/Bank Deposits

5. Gratuity Limit increased to Rs. 30 Lakhs

6. Businesses with less than 5 crores annual turnover to file quarterly returns

7. Fiscal deficit to be contained at 3.4% for 2019-20

8. Farmers income to be supported by 750 Billion rupees per year

9. Rs.60,000 goes to MNREGA

10. 3 Lakh crores  for Defence

The budget presented by Sh.Piyush Goyal

 

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Ajay Singh Makhloga, founder, myway2india.com

 

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