Tax
1.Within 2 years, Tax assessment will be done electronically
2.IT returns processing in just 24 hours
3.Minimum 14% revenue of GST to states by Central Govt.
4.Custom duty has abolished from 36 Capital Goods
5.Recommendations to GST council for reducing GST rates for home buyers
6.Full Tax rebate upto 5 lakh annual income after all deductions.
7.Standard deduction has increase from 40000 to 50000
8.Exempt on tax on second self-occupied house
9.Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10.Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11.Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12.Benefit u/s 80IB has increased to one more year i.e. 2020
13.Benefit has given to unsold inventory has increased to one year to two years.
Other Areas
14.State share has increased to 42%
15.PCA restriction has abolished from 3 major banks
16.2 lakhs seats will increase for the reservation of 10%
17.60000 crores for manrega
18.1.7 Lakh crore to ensure food for all
19.22nd AIIMS has to be opened in Haryana
20.Approval has to be given to PM Kisan Yojana