Budget 2019: Understand what the budget will have on your life, understand these 8 points||AllBestNews||

Budget 2019: Understand what the budget will have on your life, understand these 8 points

For the first time a budget briefcase is freed, in which budget documents were tied in red cloth. Just like in the tradition of our country, a book is kept. Apart from this, for the first time a woman presented the budget as a full-time financial minister.

With this budget, the government has started loosening the pockets from the rich to the middle class. Through the budget, you have got a shock of petrol and diesel prices. Petrol is two and a half rupees and a diesel 2 rupee 30 paise is expensive. Apart from this, this budget has brought the biggest tax havens to the rich. There is no new relief on income tax. Whatever has happened in the interim budget, that is going on. The schemes that are going on for the poor have also been continued. In a way, the tax on the rich, the poor waiting for the middle classes and the middle classes, this is the essence of this budget. 

Understand these 8 points, how this budget will affect your life-

1. There was no change in the income tax slab, the announcements made in the interim budget were kept.

2. No tax will be charged for those earning upto Rs. 5 lakhs, those who have income above 5 lakh will be required to pay tax at the earliest rates.

 3. To get excited for buying the first house, the income tax deduction of home loan interest has been increased from Rs 2 lakh to 3.5 lakh rupees.

4. If you buy a house up to Rs 45 lakh by March next year, then you can get income tax up to 3 lakh rupees in interest on loan.

5. If you take a loan to buy an electric car, then you can deduct additional tax up to 1.5 lakhs in interest paid on that loan.

6. If you do not have a PAN card to fill income tax returns, now you can also use the Aadhaar card.

7. Gold and other precious metals will be expensive because import duty has been increased from 10 percent to 12.5 percent. After China, India is the biggest importer of gold and import duty has been increased so that the import-export losses can be reduced.

8. An additional excise duty of one rupee and road-infrastructure cess of one rupee has been imposed on petrol and diesel. Due to this, petrol has now been increased by Rs 2.5 and diesel 2 rupees 30 paise.