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Budget 2017-18 Highlights

Budget Highlights

  • 12:51 Reduce existing tax rate for income of Rs 2.5-5 lakhs to 5% from 10%, says FM
  • 12:44 Maximum cash donation receivable by political party from one source at Rs 2,000, says FM
  • 12:36 Propose carry-forward of MAT to 15 years from 10 years, says FM
  • 12:33 Propose to make changes in capital gains tax for housing, says FM
  • 12:24 Peg fiscal deficit for 2017-18 at 3.2%, in-line with market expectations, says FM
  • 12:23 Govt raises allocation for MNREGA from Rs 38500 cr in FY17 to Rs 48000 cr in FY18, says FM
  • 12:22 Net borrowing limited to Rs 3.48 lk cr, says FM
  • 12:21 Govt doubles lending target of banks to Rs 2.44 lakh cr
  • 12:18 Allocation of capital expenditure up 25% YoY, says FM
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