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Budget 2020 highlights: Budget will increase income & investment, says PM Modi

A massive relief to taxpayers, income tax for income between Rs 5-7.5 lakh p.a halved to 10%. Income tax for an income between Rs 10 and Rs 12.5 lakh has been reduced to 20% as against 30% earlier. Income between Rs 12.5 lakh and 15 lakh will be taxed at 25% as against 30% and those at Rs 15 lakh plus annual income, the tax will be 30%. A big cheer for depositors as deposit insurance for depositors enhanced from Rs 1 lakh to Rs 5 lakh. Entrepreneurship is the strength of India, says FM Sitharaman. This budget is to boost income and enhance purchasing power, says adds. Since the Budget comes at a time when the Indian economy is facing a slowdown, stakeholders are expecting economy-boosting measures in this Budget. Stay tuned for live updates.
Last Updated : 01 February 2020, 16:11 IST

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21:3101 Feb 2020

That's all for today readers. Thank you for tuning in to our coverage. For more Budget insights, you can look at our full coverage here. Formore latest news visit www.deccanherald.com.

21:1801 Feb 2020

A to Z: Union Budget 2020 in alphabet

Finance Minister Nirmala Sitharaman presented her second Union Budget in the Parliament today (Feb. 1, 2020). The Budget, which tried to put money in people’s pockets to spur spending, has several hits and misses. Here's a look at the A to Z of the Union Budget 2020:

Read the full report here.

17:1301 Feb 2020

The goal to develop 100 airports in the country is very important for the tourism sector of the country. In tourism, there is more possibility of employment/income generation with lesser investment: PM Modi

17:1101 Feb 2020

The main areas of employment are agriculture, infrastructure, textiles and technology. In order to increase employment generation, these four have been given a lot of emphasis in this budget: PM Modi

17:0301 Feb 2020

I congratulate Finance Minister Nirmala Sitharaman and her team for presenting the first Budget of the decade that has vision as well as action: PM Modi

Published 01 February 2020, 07:55 IST

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