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Tuesday, January 31, 2017

Union Budget 2017

Here are the highlights of Union Budget 2017:

Total expenditure in FY18 at Rs 21.47 lakh crore; Capital expenditure stepped up by 25.4 per cent in FY18 over previous year.

Govt pegs fiscal deficit target at 3.2 per cent for 2017-18 and 3 per cent for next year.


Income Tax rate cut to 5 per cent for individuals having income between Rs 2.5 lakh to Rs 5 lakh. ( Net benefit  Rs 12,875/-)

Of 3.7 crore individuals who filed tax returns in 2015-16, 99 lakh showed income below exemption limit.

Service charge on e-tickets booked through IRCTC will be withdrawn. 

For senior citizens, Aadhaar based health cards will be issued.

Head Post Offices will now be used as the front office for passport services.

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