NEW DELHI, Feb 01: The Lsst full Budget of Modi Govt before the elections brought smile on faces of many and also brought anbger on faces of many.
The major points of Biudget are:
: Increase the health and education cess to 4%
: Tax long term capital gains exceeding Rs 1 lakh in Equity/Mutual funds at 10%.
":Rs 50,000 additional benefit to senior citizens for investment in mediclaim.
:A standard deduction of additional Rs 40,000 for salaried employees.
p>
: No changes in the structure of income tax of individuals.
:Extension of the benefit of the reduced corporate rate of 25% for CTN companies with reported turnover of up to Rs 250 crore.
:100% tax deduction for the first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above.
: 41% more returns were filed this year, which shows that more CTN people have joined the tax net.
: Automatic revision of MPs’ emoluments every five years, indexed to inflation.
: Emoluments of President, Vice President CTNand Governor being revised: Rs 5 lakh; 4 lakh; Rs 3.5 lakh per month respectively.
: The government will assign every enterprise in India a unique ID on the lines of Aadhaar.
:Rs 5.97 lakh crore allocated for infrastructure spending in India.
: 5 lakh WiFi hotspots to be set up in rural areas to provide easy Internet access.
:Rs 1,48,528 crore is the capital expenditure for the Indian Railways for 2018-19... All trains to be progressively provided with WiFi, CCTV and other state-of-the-art amenities.
: Women’s contribution reduced to 8.33% towards PF in the first 3 years for new EPF accounts.
: 70 lakh farming jobs have been created this year, shows an independent study.
: 24 new government medical colleges and hospitals to be set up by upgrading existing district hospitals.
: One medical college per every three constituency.
:National Health Protection Scheme to cover 10 crore poor and vulnerable families, benefiting approximately 50 crore. Providing Rs 5 lakh per family per year for medical reimbursement, under National Health Protection Scheme and will be world’s largest health protection scheme.
: Ujwala will give 8 crore women new LPG connections.