Online investment link: https://bit.ly/3fyjEhC
The theme of the Budget is Employment, Skilling, MSME, and the Middle Class.
* Provision of ₹1.52 lakh crore for agriculture and allied sectors
* ₹2 lakh crore for five schemes
* ₹15,000 crore financial support for the new Andhra Pradesh capital
* First-time employees will get one month's wage in three installments as registered in EPFO
* Up to ₹10 lakh support to students for domestic institution studies
* ₹26,000 crore for highways in Bihar
* ₹2.66 lakh crore for rural development and infrastructure
* Three crore more houses under PM Awas Yojana
* For MSME and labor-intensive manufacturing, a credit guarantee scheme, collateral-free loan, and Mudra loan limit enhanced from ₹10 lakh to ₹20 lakh
* 12 industrial parks sanctioned
* ₹11.11 lakh crore for capital expenditure around 3.4% of GDP*
* ₹11,500 crores for the flood mitigation scheme for Bihar
* PM Urban Housing 2.0 provision of ₹10 lakh crs for the next 5 years
* ₹1 lakh crore for Research and Innovations
* Fiscal Deficit projected at 4.9% of GDP
* Receipts seen at 32.07 lac crs
* Expenditures seen at 48.21 lac crs
* Gross market Borrowing target at 14.01 lac crs
* Reduce Custom Duty on Gold and Silver to 6%
* Reduce custom duties on mobile , Charger and PCBA
* Long Term Capital Gain increases from 10% to 12.5%
* Short Term Capital Gain increases from 15% to 20%
* Angel Tax abolished
* New Tax Regime
* Standard Deduction for salaried increases from 50000 to 75000 rupees
* 0 to 3 lac - Nil Tax
* 3 to 7 lac - 5%
* 7 to 10 lac - 10%
* 10 to 12 lac - 15%
* 12 to 15 lac - 20%
* 15 lac & above -30%
Contact Mrinmoy Chakraborty(Insurance & Investment Consultant) Whatsapp:+919230630841 Email: moneymakingmc@gmail.com.. http://moneymakingaimsee.blogspot.in
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