Budget 2018: Key Highlights & Summary #India

Posted by

Jalvis Quotes

💰Budget 2018: 🗝Key Highlights & Summary

Fiscal Situation
🔸 Fiscal deficit is 3.5% of GDP at Rs 5.95 lakh crore in 2017-18. Projecting fiscal deficit to be 3.3% of GDP in the next fiscal

🔸 GST revenue will be received only for 11 months, that will have an effect on balance sheets

🔸 Rs 21.57 lakh crores transferred as net GST to states as against projection of Rs 21.47 lakh crores

🔸 85.51 lakh new tax payers filed income tax returns in FY17


🔸 Growth in direct taxes (till Jan 15) is 18.7 %

🔸 100% tax deduction is allowed to co-operative societies

🔸 Corporate Tax of 25% extended to companies with turnover up to Rs 250 cr in financial year 2016-17

🔸 Incentives for Senior citizens: Exemptions in income of Rs 10,000 from Banks FD and post offices


View original post 1,438 more words


One comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s