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Introduction

Budget for farmers

Budget for Direct Taxpayers

For poor and backward classes

Allocation For Major Scheme

Allocation For Healthcare

Allocation FOR welfare of SC, STs and De – notified communities:

Allocation For Women Development

Allocation for Defense Sector

Allocation for Railway Sector

Allocation For un-organized labour

Allocation For entertainment industry

Allocation For MSME and Traders

Other announcements

Interim Budget 2019-20 was presented in Parliament on 1st February by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal. Besides having a major Scheme for the farmers, it provides tax sops and sets the Developmental Agenda for the years to come.

Below are the areas with the benefits in this budget:

INTERIM BUDGET FOR FARMERS:

INTERIM BUDGET FOR DIRECT TAXPAYERS:

Meanings of all the important terms from the above image:

*STANDARD DEDCUTION

*TDS threshold

*NOTIONAL RENT

  • New tax slab is as under:

Meanings of all the important terms from the above image:

 

REBATE

WHAT IS CESS

WHAT IS SURCHARGE

For poor and backward classes:

ALLOCATION FOR MAJOR SCHEME:

ALLOCATION FOR HEALTHCARE:

Allocation FOR welfare of SC, STs and De – notified communities:

Schedule castsSchedule Tribes De- notified communities

RS. 76,801 Crore

(an increase of 35.6 % over BE of 2018-19.

RS. 50,086 Crore

(an increase of 28% over BE of 2018-19)

·      A Welfare Development Board to frame special strategies for the benefit of the De-notified, Nomadic and Semi-Nomadic communities under the Ministry of social Justice and Empowerment.

·      A committee under NITI AYOG will be set up to complete the task of identifying De-notified, Nomadic and Semi-Nomadic communities not yet formally classified.

ALLOCATION FOR WOMEN DEVELOPMENT:

ALLOCATION FOR DEFENCE SECTOR:

ALLOCATION FOR RAILWAY SECTOR:

  • Capital support for Indian Railways is proposed at Rs.64,587 crore in 2019-20.
  • Operating Ratio is expected to improve from 96.2 % in 2018-19 to 95% in 2019-20.

*What is operating ratio

Allocation For un-organized labour:

Allocation For entertainment industry:

Meanings of all the important terms from the above image:

*SINGLE WINDOW CLEARANCE

*ANTI CAMCORDING PROVISIONS

Allocation For MSME and Traders:

*SUBVENTION

Other announcements:

For livestock breeding and fisheries:

For housing and real estate sector:

1 Comment

  1. Please keep posting such blogs as they are helpul in revising in office also.

    Reply

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