Following are the main points of Finance Minister Arun Jaitley's Budget Speech presented in Parliament:Net revenue loss in direct tax would be Rs 20,000 crore
For revenue consideration, trying to bring maximum use of technology. Maximise efforts for e-assessment.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
GST: Will bring more revenue as tax net will increase
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
GST: Preparedness of IT system on schedule.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Simple 1 page form to be filed for Income tax for income up to Rs 5 lakh
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
All other categories of income (i.e. above 5 lakhs) would get uniform benefit of Rs 12,500
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Taxation for individual assesseess reduced from 10% to 5% for income between Rs 2.5 lakhs and 5 lakhs
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Personal Income Tax: Burden currently on salaried employees.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Time period of revising tax refund reduced to 12 months, and for scrutiny reduced to 18 months from 21 months
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
TDS of 5% now exempted for Insurance agents
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Ease of doing business: Increase in threshold limit increased to Rs 2 crore for audit from the earlier Rs 1 crore
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
An amendment to RBI Act to issue Electoral Bonds. Every political party will have to file returns.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Political parties will be entitled to receive donations by cheque or in the digital mode
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Transparency in political funding: Max amount of cash donation a political party can receive will be Rs 2,000 from any one source
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
No transaction above Rs 3 lakh would be permitted in cash
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
To promote Make in India, changes in customs duty on some items.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Minimum alternative tax: Not feasible to remove this at present.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Basket for investing capital gains to be expanded.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Propose to make changes in capital gain tax in property. Long term capital gain reduced from 3 years to 2 years for immovable property.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
For affordable housing, the carpet area of 30 and 60 sq m will now be completed. 30 sq m will apply only in metro cities. This scheme extended to 5 years.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
We will end 2016-17 with an increase of 17% in net tax revenue. Personal income declaration to be increased by 34.8%
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
To eliminate black money - taxation rates are to be made reasonable, and tax base needs to be expanded
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
We are largely tax non-compliance society: FM Arun Jaitley
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Out of 76 lakh individual assesses who declared income of about Rs 5 lakhs per annum, 56 lakhs are salaried.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Direct tax collection not commensurate with the size of the economy
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
FM to now present tax proposals
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Revenue deficit pegged at 1.9% in 2017-18
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Fiscal deficit target for 2017-18 at 3.82% of GDP; and 3% for 2018-19
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Defence expenditure (excluding pension) allocation increased to Rs 2,74,114 crore
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Fiscal situation: Total expenditure 2017-18 is Rs 21 lakh crore; Focus now on revenue and capital expenditure.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Special online travel booking portal for defence personnel
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Public service: Head Post office to be utilised as the front office for Passport services
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Govt to create Payment Regulatory Board in RBI
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Aadhar based POS terminals to be established at merchant establishments
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
BHIM App: 125 lakh people have already adopted. Two new schemes to promote this App - Referal scheme and Cashback scheme
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Digital economy: India now at the crux of massive digital revolution: FM Jaitley
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
PM Mudra Yojana: For 2017-18 target doubled to Rs 2,44,000 crore
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Rs 10,000 crore for recapitalisation of banks
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
A new ETF will be launched in 2017-18
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Propose to create an integrated oil major
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Divestment policy announced in last Budget will continue
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Cyber security: A team would be set up
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
To integrate stock and derivative market for commodity trading
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Financial sector: To abolish FIPB in 2017-18; Roadmap for the same to be announced soon.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Trade Infrastructure Exports Scheme to be launched. Total allocation for infrastructe is Rs 3,96,135 crore
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Taking steps to make India a global hub for electronic manufacture
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Energy sector: To set up strategic crude reserves at 2 more places in Odisha and Rajasthan.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Telecom sector: Under BharatNet project, allocation stepped up
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Airport Authority of India Act to be amended
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Allocation increased to Rs 64,000 crore for National Highways
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
New Metro Rail Policy to be announced. It will open up more job opportunities.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Endeavour to be to improve operating efficiency of Railways
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Service charges for tickets booked through IRCTC will be withdrawn
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Railways to undertake end-to-end delivery for selected commodities.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
All railway coaches to be fitted with bio-toilets by 2019.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
SMS based 'Clean my coach' service has been started in Railways
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
At least 25 railway stations to be awarded for redeployment.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Railway lines of 3,500 km to be commissioned in 2017-18
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Infrastructure: For 2017-18, Railways will focus on passenger safety and financial accounting reforms.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
For senior citizens, Aadhar based smart cards containing their health details will be introduced.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Special importance to schemes for the welfare of SCs, STs and minorities; Budget allocation increased by 35% for SCs.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Legislative reforms to simplify and rationalise labour laws
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Two new AIIMS to be set up in Jharkhand and Gujarat
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
1.5 lakh health centres to be transformed into Health Wellness Centres
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
An Action Plan to eliminate Kala azar, leprosy, tuberculosis, etc.
Poor & Underprivileged: Affordable housing to be given 'Infrastructure' status. National Housing Bank will refinance housing loans.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Scheme for leather and footwear sector skill training to be implemented; similar to the existing scheme for textiles and garment
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
'Sankalp' will provide market relevant training.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
PM Kaushal Kendras to be extended to more than 600 districts across the country.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
National Testing Authority to be set up to conduct all entrance exams.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Swayam platform to enable students to virtually attend classes taught by best faculty. Linked with DTH channels.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Youth - Emphasis on science education; Focus on 3,749 educationally backward blocks.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Rs 1,87,223 crore total allocation for rural areas; 24% higher than last year.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Sanitation coverage increased from 42% to 60%
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
PM's employment generation scheme: Allocation increased 3 times
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
On way to achieve 100% rural electrification by May
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
PM awas yojana (gramin) allocation increased
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Rs 19,000 crore for PMGSY in 2017-18
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
PM gram sadak yojana - pace of construction accelerated to 133 km per day
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Highest ever allocation for MNREGA at Rs 48,000 crore
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
MNREGA - Participation of women has increased.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Rural development - Mission Antodyay to bring 1 crore households out of poverty
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Dairy farming - A dairy processing infrastructure fund to be set up with a corpus of Rs 2,000 crore.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Micro irrigation fund to be set up by NABARD for "per drop, more crop"
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Soil Health Cards: Mini labs to be set up
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Will work with NABARD for seamless flow of credit to farmers: FM
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Farmers - Special efforts to ensure adequate credit to underserved areas like the Northeast
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
10 themes: Farmers, rural population, youth, poor & underprivileged; infrastructure; financial sector; digital economy; public service; prudent fiscal management; and tax administration (honouring the honest)
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Agenda for next year is - Transform, energise and clean/tech India
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Budget 2017-18 contains 3 major reforms: Advancement of Budget date to Feb 1; Merger of Railway budget with general budget; and Done away with Plan and Non-Plan expenditure: FM
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
My priority is to spend more in rural areas, infrastructure and poverty alleviation and yet maintain fiscal prudence: Arun Jaitley
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Demonetisation seeks to create a new normal where GDP is bigger
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Demonetisation was a bold and decisive measure by the government: FM
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
India has become 6th largest manufacturing country in the world; up from 9th previously.
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Foreign exchane reserves reach $360 billion
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
India's CAD declined to 0.3% of GDP in first half of 2016-17
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Three major challenges - current monetary policy stance of US; uncertainty around crude oil prices; signs of increasing retreat from globalisation: FM
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
World economy facing considerable uncertianty: FM
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Govt is now seen as a trusted custodian of their money: Jaitley
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
We have moved towards policy based administration: FM
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Good governance is the underlined theme of people's expectations, says Jaitley
Medium and small enterprises provide maximum employment. 2.85 lakh companies making a profit of less than Rs 1 crore. For MSME companies, income tax reduced to 25% if turnover is less than Rs 50 crore. 96% of India's companies will get this benefit of 5% tax reduction. This was announced by finance minister Arun Jaitley in his Budget Speech in Parliament.#
Fibre2Fashion News Desk – India
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
