Propose to Hinder
Custom duty on mobiles from 15% to 20%
Custom duty other mobile parts to 15%,
Custom duty some parts of TVs to 15%.
Levy the health and education cess to 3% on imports
to tax long term capital gains exceeding Rs 1 lakh in listed stock at 10%.
Automatic revision of MPs’ emoluments every five years, indexed to inflation.
Emoluments of President, Vice President and Governor being revised: Rs 5 lakh; 4 lakh; Rs 3.5 lakh per month respectively.
Propose to Benefit
Rs 50,000 additional benefit to senior citizens for investment in medi claim.
A standard deduction of additional Rs 40,000 for salaried employees.
Reduced corporate rate of 25% for companies with reported turnover of up to Rs 250 crore.
100% tax deduction for the first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above.
Government has identified 372 basic business reform actions
Government proposes to revamp the system of sanctioning of loans to
SMEs
Rs 3 lakh crore allocated for PM MUDRA Yojana