{"id":6468,"date":"2021-12-16T15:47:02","date_gmt":"2021-12-16T15:47:02","guid":{"rendered":"https:\/\/msassociates.pro\/articles\/?p=6468"},"modified":"2022-09-08T18:12:28","modified_gmt":"2022-09-08T18:12:28","slug":"key-takeaways-from-the-union-budget-2019","status":"publish","type":"post","link":"https:\/\/www.msassociates.pro\/articles\/key-takeaways-from-the-union-budget-2019\/","title":{"rendered":"Key takeaways from the union budget 2019"},"content":{"rendered":"<p>The Government of India presented one of the most awaited budgets in recent times to the parliament on July 5, 2019. The budget, presented by the Finance Minister Nirmala Sitharaman, outlined the government\u2019s plan to boost the economy and spur growth with several incentives for individuals and corporates. She also summarized the government\u2019s ten-year vision towards the economic development of the country.<\/p>\n<h2>Key highlights of the Union Budget 2019<\/h2>\n<ul>\n<li>Tax Payers can now claim an additional Rs 1.5 lakh tax relief on home loans.<\/li>\n<li>Companies having a turnover of over 400 Crore, will now be placed under 25% tax bracket.<\/li>\n<li>Tax deduction at source of 2% is levied on cash withdrawal exceeding 1 Crore rupees in a year.<\/li>\n<li>It has also proposed to:\n<ul>\n<li>Reduce the GST rate on electrical vehicles from 12% to 5%.<\/li>\n<li>Increase the limit of exemption to 60% of payment on final withdrawal from NPS.<\/li>\n<li>Increase pension benefit to 3 crore retail traders and shopkeepers whose annual turnover is up to Rs1.5 Crore<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>For more information on the other key highlights of the union budget for 2019, click&nbsp;<a href=\"https:\/\/msassociates.pro\/articles\/pdf\/budget-summary-v2.pdf\" target=\"_blank\" rel=\"noopener\">here<\/a>&nbsp;and download our analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of India presented one of the most awaited budgets in recent times to the parliament on July 5, 2019. The budget, presented by the Finance Minister Nirmala Sitharaman, outlined the government\u2019s plan to boost the economy and spur growth with several incentives for individuals and corporates. She also summarized the government\u2019s ten-year vision [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6468","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Key takeaways from the union budget 2019<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.msassociates.pro\/articles\/key-takeaways-from-the-union-budget-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key takeaways from the union budget 2019\" \/>\n<meta property=\"og:description\" content=\"The Government of India presented one of the most awaited budgets in recent times to the parliament on July 5, 2019. The budget, presented by the Finance Minister Nirmala Sitharaman, outlined the government\u2019s plan to boost the economy and spur growth with several incentives for individuals and corporates. 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