Annual Budget 2019 [Key Highlights] By CS Shivam Rastogi

(Shri Piyush Goyal: First Time Ever a CA has presented Annual Budget)

Key Highlights --

1. Individual Taxpayers having Taxable Annual income up to Rs. 5 Lakh will Take Full Tax Rebate

2. Within 2 years, tax assessment will be done electronically

3. IT Returns Processing in just 24 hrs.

4. Minimum 14 % Revenue of GST to a state by Central Government

5. Customs duty has abolished from 36 Capital Goods

6. Standard Deduction has increased from 40000 to 50000 Thousand

7. Ceiling Limit of TDS u/s 194 A has increased from 180000 to 240000

8. Benefit u/s 80 IB has increased to one more year (I.e) 2020

9. Benefit have given to unsold inventory has increased to one year to Two year


  • State Share has increased to 42 %
  • PCA Restrictions has abolished from 3 Major Banks
  • 60000 Crore for MANREGA
  • 7 Lakh Crore to Ensure food for all
  • 22nd AIIMS has to be open in Haryana
  • 2 Lakh Seat will increase for the Reservation of 10 %
  • 6000 p.a has to be given to Every farmer having 2-hectare land Applicable from 1 Dec 2018, amt will be T/f in 3 Instalment
  • One lakh Digital Villages in Next 5 years
  • More than 3 Lakh Crore for Defence
  • 26 Weeks of Maternity Leave to Empower the women
  • Our Government Delivered 6 Crore LPG Connection under Ujjawala Scheme
  • 2 % Interest Relief For MSME Gst Registered Person
  • Single Windows for Approval of India film Makers
  • Bonus will be Applicable for workers Earning 21K Monthly
  • Tax-Free Gratuity limit increase to 20 Lakh from 10 Lakh
  • The Scheme, called Pradhan Mantri Shram Yogi Mandhan, will be Provide assured monthly Pension Rs. 3000 will Contribution of Rs. 100 Per month for workers in the unorganized sector after 60 years of Age
  • National Kamdhenu Ayog for cows Rs. 750 Crore for National Gokul Mission 

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