Union Budget 2019 – Highlights
Union Budget 2019 – Highlights https://www.fundstiger.com/union-budget-2019-highlights/ Taking a pragmatic approach, Finance Minister Nirmala Sitharaman announced no changes in personal income tax rates but levied additional surcharge on the super-rich. She also sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles. Among key announcements, Finance Minister said digital payments will get cheaper, government will launch an ATM-like One Nation One Card for pan-India travel and a new model rental laws will be unveiled to boost affordable housing. Here are the key Highlights from the Finance Minister’s speech Taxes No change in personal income tax rates Increase in cess on fuel by 1 rupee, petrol & diesel to get costlier; while Customs duty on gold and precious items increased 3% surcharge hike on an income of Rs 2 crore; 7% on Rs 5 crore and above. Corporate tax with turnover of up to Rs 400 crore slashed to 25 ...