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Interim Budget 2019 (Part-1) - Complete Analysis - (In Odia)
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This course covers detailed analysis of Interim Budget 2019 and the Static Facts related to budget from OPSC , OSSC ,OSSSC and Banking Exams point of view.

Bibhuti Bhusan Swain
No.1 Educator in OPSC Category YouTube Channel "Gyanasikhya" Teaching is my Passion..

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  1. BUDGET 2o19 is sg-COMPLETE ANALYSIS PART-1 WHAT IS INTERIM/ FULL BUDGET DIRECT TAX PROPOSALS HISTORY OF THE BUDGET


  2. BIBHUTI BHUSAN SWAIN unacadem Verified & Star Educator at Unacademy Follow Created more than 31 courses with more than 485 lessons on various subjects like Indian History,Indian Polity, Odisha History, Odisha Geography, Exam Oriented Current Affairs,Government Scheme on Unacademy unacademy


  3. BUDGET 2o19 is sg-COMPLETE ANALYSIS PART-1 WHAT IS INTERIM/ FULL BUDGET DIRECT TAX PROPOSALS HISTORY OF THE BUDGET


  4. Union Budget 2019-20 -Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on February 1, 2019 It was the last Budget of the Modi Government before the 2019 Lok Sabha elections


  5. Full Budget It is presented by the new government during the first term of its tenure after it takes charge. The annual budget is presented in two parts It includes the detailed structure of income and future ways to raise funds. ses prepared by the government in previous year The full budget is passed by the Lok Sabha only after proper discussions and voting on demand for grant Finand


  6. Interim Budget It is presented by the outgoing government during the last year of its tenure before elections. It is also known as vote on account or approval, which the government seeks from the parliament for essential spending for a limited period. It is generally meant for the first 2-4 months of the fiscal year in which the elections are scheduled Finand


  7. Direct Tax proposals No income tax for earnings up to 5 lakh Individuals with gross income of up to 6.5 lakh need not pay any tax if they make investments in provident funds and prescribed equities. More than Rs. 23,000 crore tax relief to 3 crore middle class taxpayers Standard tax deduction for salaried persons raised from 240,00o to 250,o0o TDS threshold to be raised from Rs. 1o,oo0 to Rs. 40,000 on interest earned on bank/post office deposits


  8. Direct Tax proposals Income Tax processing of returns to be done in 24 hours electronically without any interface with the taxpayer Existing rates of income tax to continue Tax exempted on notional rent on a second self-occupied house TAX


  9. Direct Tax proposals TDS threshold on rental income increased from 1.8 lakh to 2.4 lakh. Tax benefits for affordable housing extended till 31st March, 2020 under Section 80-IBA of Income Tax Act The direct tax collection has been increased substantially. The number of returns filed have increased from 3.79 crore to 6.85 crore, showing 80 percent growth in tax base since four years The GST collection for January 2019 is estimated at Rs 1.03 lakh crore.


  10. History of the Budget The Annual financial statement in the Article 112 of the Constitution of India is commonly known as the Union Budget of India The President of India fixes the date of the Budget presentation by the finance minister. Morarji Desai has presented 10 budgets which is the highest followed by F Chidambaram's 9 and Pranab Mukherjee's 8.


  11. Q.Which city will be the world's fastest growing city in the 2019-2035 period, as per the Global economic Research report prepared by Oxford Economics? A.Surat B.Mumbai C.Bengaluru D.Bhubaneswar