FOR SALARIED CLASS
No tax for income up to
Rs 5,00,000
Standard deduction now Rs 50,000
Gratuity limit increased to Rs 30,00,000
No tax with investments on
Rs 6,50,000
EDUCATION
Rs 93,847.64 cr allocated
An increase of over 10 per cent from the last allocation.
Rs 37,461.01 cr allocated for higher education, Rs 56,386.63 cr has been earmarked for school education
JAI KISAN
Annual cash dole of
Rs 6,000
Under Pradhan Mantri Kisan Samman Nidhi, Rs 6000 rupees per year for each farmer, in three installments, to be transferred directly to farmers’ bank accounts, for farmers with less than 2 hectares land holding.
1 There is no hike in passenger fare and freight charges in the Interim Budget announced by FM Piyush Goyal, which also saw an allocation of Rs 64,587 crore and the highest ever capital expenditure of Rs 1.58 lakh crore for the national transporter
