# Long term capital gains on shares of listed companies to be taxed @ 10% in case capital gain exceed 1 lac. Cess increased to 4%.Equity Oriented Mutual Funds will now face a dividend distribution tax of 10% to bring it at parity with the new LTCG of 10%.
# Reduced corporate tax for companies with turnover less than 250 crores to 25%. No change in Individual Income Tax Rates. No change in personal income tax rates for salaried class.Standard deduction of Rs 40,000 for salaried taxpayers. For senior citizens interest from banks upto 50000 exempt
# Govt. to contribute 12% of EPF contribution for new employees in all sectors
# PSU bank recapitalisation will allow banks Rs 5 lakh cr of additional lending in FY19
# 100% tax deduction for the first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above
# Revised fiscal deficit for 2017-18 is at Rs 5.95 lakh crore or 3.5% of GDP. Projecting fiscal deficit at 3.3% of GDP for 2018-19.
# MSP for Kharif crops will be 1.5x cost of production. If prices are lower than MSP then the government has to ensure there are ways to make sure the farmers receive necessary MSP or an apt price for their products
# Food processing sector is growing at average 8% per annum. Allocation in this sector is being doubled from 750 cr last year to 1400 crore in 2018-19
# The government has proposed setting up an agricultural market fund of Rs 2,000 crore.
# The government has announced a Rs 10,000 crore allocation for fisheries, aquaculture and animal husbandry funds.
# 8 crore free gas connections to women under #UJJWALA and 4 crore electricity connections to the poor under SaubhagyaYojana
# Providing 5 lakh rupees per family per year for medical reimbursement, under National Health Protection Scheme. This will be world’s largest health protection scheme
# Custom duty on mobile phones increased to 20% from 15%
#FM stresses that the government does not consider cryptocurrencies as legal tender and will take measures to eradicate use of crytocurrencies for illegitimate activities.