Live updates and discussion on Budget 2019

14% growth in state tax collections was guaranteed and underwritten by Government of India: FM

Individual taxpayers with annual income up to 5 lakh rupees to get full tax rebate: FM Shri Piyush Goyal #Budget2019

FM: Direct Tax benefit: Income tax minimum exemption limit raised to Rs. 500,000 from Rs. 250,000

The current account deficit is likely to be only 2.5 percent of the GDP this year, Finance Minister said.

Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities: FM Shri Piyush Goyal #Budget2019

Standard tax deduction for salaried persons raised from 40,000 rupees to 50,000 rupees: FM Shri Piyush Goyal #Budget2019

Around 3 crore middle class taxpayers will get tax exemption due to this measure: FM Shri Piyush Goyal #Budget2019

TDS threshold on interest on bank and post office deposits raised from 10,000 to 40,000 rupees: FM Shri Piyush Goyal #Budget2019

FM: Standard deduction for salaried class raised to Rs. 50000 from the current Rs. 40000

FM: TDS deduction on fixed deposit raised from Rs. 10,000 to Rs. 40,000

Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to 2 crore rupees; can be exercised once in a lifetime: FM Piyush Goyal #Budget2019

TDS threshold on rental income raised from Rs 1,80,000 to Rs 2,40,000: Goyal

Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020: FM Shri Piyush Goyal #Budget2019

Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to Rs 2 crore; can be exercised once in a lifetime: FM

Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020: FM

This is not just an Interim Budget, this is a vehicle for the developmental transformation of the nation: FM Shri Piyush Goyal

Development became a Jan Andolan (people's movement) under the present Government: FM Shri Piyush Goyal 

FM: No tax on notional rent on second self-occupied house and no tds on house rent up to Rs 2.4 lakh