Budget 2019 Highlights

Budget 2019

1. CAD seen at 2.5%
2. Fiscal Deficit seen at 3.4% vs target 3.3%. Next year. target at 3.4%
3. Expenditure Target at 27.84 lakh crores
4. Capital Expenditure at 3.36 lakh crores
5. Rs.38572 crs for Education
6. Rs.76800 for Welfare of SC/ST
7. Confident on reaching the target of Rs.80000 cr Disinvestments 
8. MNREGA allocation Rs.60000 crs
9. Small Farmers ( less then 2 hectares land ) will get Rs.6000 p.a. as direct benefit from Centre. Which will benefit 12 cr small land farmers
10. Defence Budget 3 lakh crores
11. Sadak Yojna Rs.19000 crs
12. Railways allocated Rs.64587cr
13. Mobile Data usage has increases 50X in last 5 yrs
14. Farmes welfare allocation Rs.20000 crs this year
15. Single Window clearanc for Domestic film makers too
16. GST collection increases from 89000 cr p.m. to 97100 cr p.m. in Jan 19 collection may cross 1 lac cr

Direct Tax:

1. Collection of Direct Tax at 12 lakh crores from 6.38 lakh crores in 2014
2. IT filer increases from 3.79 crs in 2014 to 6.85 crs
3. Changes in Income Tax slabs
4. Income Upto 5 lakh – NIL Tax
5. Standard deduction increases from Rs.40000 to Rs.50000
6. Up to Rs.40000 p.a. interest of post office and Bank no TDS
7. House Rent Up to Rs.2.4 lac p.a. no TDS
8. Capital Gain Exemption under sec 54 increases to 2 crs
9. Income Tax on Unsold house notional Rent extension Up to 2 yrs
10. No changes in 80C 1.5 lakh limit