Announcement of new income tax slab, will have to pay 10% tax on income from 5 lakh to 7.5 lakh.
No income tax on income up to Rs 5 lakh per annum.
Income above 30 lakh rupees will have to pay 30% income tax.
Income tax of 25% on income from Rs 12.5 to 15 lakhs.
Income tax of 20% on income from 10 lakh to 12.5 lakh rupees.
Income tax of 15% on income from 7.5 lakh to 10 lakh rupees.
Estimated 10 percent GDP growth and 3.8 percent fiscal deficit in 2020-21.
Government will sell stake in LIC through IPO
Foreign investment limit in corporate bonds was increased from 9 per cent to 15 per cent.
Corp tax relief to new power producers.
100% tax rebate to fund investing in Infra.
Proposal to abolish DDT, loss of Rs. 25000 crore possible due to its removal.
Affordable housing scheme expanded by one year.
A PAN card will be given immediately on Aadhaar card delivery.
Custom duty on footwear, furniture will increase.
Import of medical equipment will be cessed.
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