Slew of budget benefits to woo NRI investments in India

  In the presentation of the Union Budget for the year 2019, Union Minister of Finance, Nirmala Sitharaman put forth the ambitious plan of taking India from the current $2.8 trillion economy to reach the $ 5 trillion mark by the year 2024. The Finance Minister acknowledged the role of  non-resident Indians in uplifting the Indian economy. To woo further NRI investments, she announced a slew of benefits to woo NRI investors to enhance investments…

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India Union Budget 2019 – Simplified

  Here’s a simplified summary of the Union Budget 2019 for India (including the proposals from the Interim budget presented in February 2019) If you are a … Salaried Individual / Pensioner   (no change since interim budget) Net taxable Income : upto 5 Lakhs – Tax liability zero above 5 lakhs – No change to previous tax liability calculations Standard Deduction increased by 10,000 Interest income on bank/post office deposits up to ­ 40,000 will…

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