TAX WARDO

1. Increase the custom duty on mobiles from 15% to 20% and on some other mobile parts to 15%, and some parts of TVs to 15%. 2. Increase the health and education cess to 4% 3. Tax long-term capital gains exceeding Rs 1 lakh in listed stock at 10%. 4. Rs 50,000 additional benefit to senior citizens for investment in mediclaim 5. A standard deduction of additional Rs 40,000 for salaried employees. This move will benefit 2.5 crore taxpayers 6. No changes in the structure of income tax for individuals 7. Benefit of the reduced corporate rate of 25% for companies with reported turnover of up to Rs 250 crore. 8. 100% tax deduction for the first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above. 9. Emoluments of President, Vice President and Governor being revised: Rs 5 lakh; 4 lakh; Rs 3.5 lakh per month respectively. 10. Recapitalisation to enable PSU banks to lend Rs 5 lakh crore 11. The government will assign

1. Allocate 1290 Cr. for National Bamboo Mission 2. Setting up an Agriculture Market Fund for Rs. 2000 Cr. 3. Allocate 10000 Cr. For Fisheries and Aquaculture and Animal Husbandry fund. 4. 8 Cr Families will be given Gas Connection for free under Ujwala scheme. 5. 16000 Cr for PM Sabhagya yojana 6. Target constructing 2Cr Toilets in FY19 7. Total Amt to be spent to improve Rural Livelihood to be 14.30 Lakh Cr. 8. Propose to allocate 11 Lakh Crore for Instl Credit for farm sector next FY 9. Launching Prg RISE for revitalisation of Infra, Edu System with an investment of 1 lakh Cr. 10. National health Protection Programme for 10 Cr Poor Families. 11. Rs. 5 Lakh per family per year for 10 crore families will be allocated. 12. Allocate 1200 crore for specialised health wellness centres. 13. 47 Pojects under the “Namami Gange” Programme have been completed. 14. Allocate Rs. 1.38 Lk Crore in FY 19 For Govt health & Educational Programmes. 15. Target Mudra

1. No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax . However Education cess is being increased from 3 to 4 % to be known as Education and Health cess.  2. However for Domestic Companies having total turnover or gross receipts not exceeding Rs 250 crores in Financial year 2016-17 shall be liable to pay tax at 25% as against present ceiling of Rs 50 crore in Financial year 2015-16.  3. Long term Capital gain exemption under section 10(38) in respect of listed STT paid shares being withdrawn.  4. However capital gain up to 31.1.2018 shall not be taxed as cost of acquisition will be taken as Fair Market Value as on 31.1.2018.  5. Tax on STT paid long term capital Gain will be 10% under Section 112A. Further such tax will be liable for TDS.  6. Standard Deduction of Rs 40,000 for salaried employees. However benefit of transport allowance of Rs 19,200 and Medical Reimbursement of Rs 15,000 under Section 17(2) are being withdrawn. Thu