{"id":32,"date":"2023-02-01T09:33:45","date_gmt":"2023-02-01T09:33:45","guid":{"rendered":"http:\/\/bissaandco.com\/blog\/?p=32"},"modified":"2023-02-01T09:33:45","modified_gmt":"2023-02-01T09:33:45","slug":"budget","status":"publish","type":"post","link":"http:\/\/bissaandco.com\/blog\/budget\/","title":{"rendered":"BUDGET"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

General<\/p>\n\n\n\n

    \n
  1. EPFO Numbers doubled to 27 crores<\/li>\n\n\n\n
  2. Agriculture accelerator fund to boost startup in Agri sector. Special scheme to boost fisheries<\/li>\n\n\n\n
  3. 38,800 teachers will be employed in 3.5 lakh Eklavya tribal school.<\/li>\n\n\n\n
  4. Capital outlay of Rs. 2.40 lakh crore for Railways.<\/li>\n\n\n\n
  5. 50 New Airports and Heliports to be made.<\/li>\n\n\n\n
  6. Rs. 10,000 crore for urban infra fund every year<\/li>\n\n\n\n
  7. Rs. 75,000 crore for 100 transport infra projects<\/li>\n\n\n\n
  8. 3 Centers of Excellence for \u201cArtificial Intelligence\u201d will be set up.<\/li>\n\n\n\n
  9. KYC procedure to be simplified. PAN to be come common business identifier.<\/li>\n\n\n\n
  10. Scope of Digi locker to be increased.<\/li>\n\n\n\n
  11. More than 39,000 compliances reduced. Jan Vishwas Bill to amend 42 laws<\/li>\n\n\n\n
  12. Rs. 35,000 crore for Energy transmission<\/li>\n\n\n\n
  13. 10,000 bio input research centers to be set up.<\/li>\n\n\n\n
  14. 30 Skill India International centers to be set up.<\/li>\n\n\n\n
  15. NFIR (National Financial Information Registry) to be launched for financial strategy.<\/li>\n\n\n\n
  16. Reducing cost of MSME Credit by 1%. Infusion of Rs. 9,000 crore in corpus for MSME credit.<\/li>\n\n\n\n
  17. \u2018Mahila Samman Bachat Scheme\u2019 for Women for Rs. 2,00,000 @ 7.5%<\/li>\n\n\n\n
  18. SCSS enhanced from 15 lakh to 30 Lakh.
    Direct Taxation and Indirect taxation<\/code><\/strong><\/li>\n\n\n\n
  19. Promote domestic manufacturing and exports.<\/li>\n\n\n\n
  20. Tax exemption on Capital Goods and Lithium batteries.<\/li>\n\n\n\n
  21. Mobiles, camera lenses to become cheaper.<\/li>\n\n\n\n
  22. Gold, Silver & Diamonds, cigarettes, imported rubber to get expensive.<\/li>\n\n\n\n
  23. Enhanced limit for 3 crore and 75 lakhs for presumptive taxation.<\/li>\n\n\n\n
  24. Higher TDS limit of RS. 3 cr for Cooperatives<\/li>\n\n\n\n
  25. New IT Return Form for easier filing .<\/li>\n\n\n\n
  26. 100 Joint Commissioners to be appointed for disposal of small appeals.<\/li>\n\n\n\n
  27. TDS reduced on EPF withdrawal<\/li>\n\n\n\n
  28. Section 54 and 54F to be amended.<\/li>\n\n\n\n
  29. Rebate limit increased to 7 lakh in new tax regime.<\/li>\n\n\n\n
  30. Number of slabs reduced from 7 to 5 in new tax regime.<\/li>\n\n\n\n
  31. Only 5% tax on Individual\u2019s Annual income of 9,00,000 only to pay Rs. 45,000 as tax.<\/li>\n\n\n\n
  32. Salaried class and pensioner: Standard Deduction increased<\/li>\n\n\n\n
  33. Highest tax rate 42.74 % reduced<\/li>\n\n\n\n
  34. Propose to reduced Higher surcharge rate from 37 % to 25% in new tax regime.<\/li>\n\n\n\n
  35. Leave Encashment: Limit increased from Rs. 3,00,000 to Rs. 25,00,000.<\/li>\n<\/ol>\n\n\n\n