Budget 2019 highlights: Standard deduction to be raised, no tax on second house
4 min read . Updated: 01 Feb 2019, 05:56 PM IST
PremiumFiscal deficit for 2018/19 seen at 3.4% of GDPPoor farmers to get Rs. 6,000 per year under PM Kisan scheme Unorganised labour to get Rs. 3,000 per month after age of 60 under mega pension scheme No income tax for income up to Rs. 5,00,000 Standard deduction to be raised from Rs. 40,000 to Rs. 50,000
All farmers affected by natural disasters to get 2% interest subvention upfront for entire loan period
Current account deficit for 2018/19 seen at 2.5% of GDP
Farmers up to 2 hectare of land to come under PM Kisan scheme
Government launches mega pension scheme for social security coverage of unorganised labour
Fiscal deficit for 2018/19 seen at 3.4% of GDP
Recovered ₹3 lakh crore via bankruptcy code
Bank of India, Bank of Maharashtra and Oriental Bank no more under RBI's prompt corrective action
Poor farmers to get ₹6,000 per year under PM Kisan scheme
PM Kisan to transfer cash directly to farmers under PM Kisan scheme
Poor farmers to get cash in three equal installments under PM Kisan scheme
PM Kisan scheme for poor farmers to cost government ₹75,000 crore FY20
PM Kisan scheme for poor farmers to get ₹20,000 crore in FY19
PM Kisan scheme to transfer cash directly to farmers' accounts
PM Kisan scheme to start transfer of cash with effect from December 2018
Government announces Rashriya Gokul Mission to support poor owning cows
Rashriya Gokul Mission cow scheme to get ₹750 crore in the current year
Central government to alone support PM Kisan scheme
All farmers affected by natural disasters to get 2-5% interest subvention
Gratuity cap doubled to ₹20 lakh
Government to contribute equally in pension accounts under mega pension scheme
Unorganised labour to get ₹3,000 per month after age of 60 under mega pension scheme
Government to implement mega pension scheme for unorganised labour from this year itself
Mega pension scheme is for people with income up to ₹15,000 per month
PM mega pension scheme to benefit 10 crore people
Total of 8 crore cooking gas cylinders to be distributed by next year under PM Ujwala Yojna
Government to contribute 14% under New Pension Scheme
India is the second biggest hub for start-ups
A National Programme for Artificial Intelligence covering 9 areas to be promoted
Government projects to source 25% material from SMEs, 3% from only women-owned SMEs
GEM platform to cover all public sector enterprises to promote local industry, trade
SME loans with ticket size of ₹1 crore to get 2% interest subvention
Defence Budget crosses ₹3 lakh crore mark in FY20 Budget
Budgetary support for railways for FY20 is ₹64,587 crore
Railways' operating ratio seen at 96.2% in FY19, 95% in FY20
North-east states to get 21% higher budget allocation at ₹58,166 crore in FY20
Will set up 1 lakh digital villages in next 5 years
JAN Dhan, Aadhar and mobile have been game changers
34 crore Jan Dhan bank accounts opened in last 5 years
Single window clearance to be made available to Indian film makers
TV: Railways FY20 capex seen at ₹1.58 lakh crore
Direct tax collections estimated at ₹12 lakh crore in FY19
Poised to become a $5 trillion economy in 5 years
Aspire to become a $10 trillion economy in 8 years
₹1.3 lakh crore undisclosed income brought under tax net
3,38,000 shell companies detected and their directors disqualified
Average GST collection ₹97,100 crore
Government lays out 10-year roadmap to improve ease of living
Making India a pollution-free India in 10-year roadmap
To lead world in transport and energy storage devices
To bring down dependent on imports for energy needs
Roadmap envisions people traveling in electric cars
Tenth dimension of government's India 2030 vision is a healthy governance
Fiscal deficit pegged at 3.4% of GDP for FY20
Fifth dimension of government's India 2030 vision is clean rivers
Government to scale up Sagarmala programme
Seventh dimension of India 2030 is to lead in space programmes
Eighth dimension of India 2030 is to grow food in environment friendly manner
Ninth dimension of India 2030 is a healthy India
Tenth dimension of India 2030 programme is a comprehensive wellness system
FY20 total expenditure seen at ₹27.84 trillion rupees
FY20 capital expenditure seen at ₹3,36,292 crore
Central schemes to get ₹3,27,679 crore FY20
National education mission to get ₹38,572 crore FY20
Integrated child development scheme to get ₹27,584 crore FY20
SC, ST welfare to get ₹76,800 crore FY20
Salary earners, pensioners to get tax benefit
Salary earners up to ₹5,00,000 annual income to get full tax rebate
No income tax for income up to ₹5,00,000
Salary earners of up to ₹6,50,000 income to not pay tax if they make tax related investments
Standard deduction to be raised from ₹40,000 to ₹50,000
No tax if you own second house
No TDS on post office savings up to ₹40,000
No TDS on rental income up to ₹2,40,000 per year
No tax on notional rent on second house
Capital gains tax exemption under Section 54 raised to ₹2 crore
Tax on notional rent on unsold inventory to not be paid for 2 years
